A family-owned business, approaching its 300th year of trading, has secured funding which position it to develop new markets06 March 2018
Webster & Horsfall (“W&H”), a Tyseley-based manufacturing business, received backing from Shawbrook Bank. W&H is a leading provider of bespoke wire and wire rope products with customers in the construction, aerospace, oil and gas, medical and industrial sectors. The funding will enable W&H to develop wholesale and distribution operations which will complement its manufacturing divisions.
Odyssey Corporate Finance provided W&H with strategic advice and led the fundraise.
Robert Horsfall of W&H commented, “The funding package is an important step in our growth strategy as W&H enters its 4th century of trading. We have developed expertise over many years within the specialist wire and wire rope sectors and the additional finance will allow us to scale our distribution of products worldwide.”
Steve Goulden at Shawbrook said, “Whenever a business navigates a restructure and shift in focus, it's a significant event. But when that business is in its tenth generation of ownership and has a global reputation for the products it produces, then it becomes a major milestone in the history of something very special. So we've been very proud to work with the management team at Webster & Horsfall and their advisers at Odyssey to tailor a funding solution that will support their plans. Creating an asset backed lending package, we've been able to provide both the quantum and the degree of flexibility required. We're now excited to stand behind Webster & Horsfall as it continues to innovate and evolve, supporting them through this next chapter in their long history."
Higgs and Sons provided legal advice to W&H and Irwin Mitchel advised Shawbrook Bank.