Stream Marine Training Ltd provide specialist safety training to the Maritime and Energy Sector.
SMT were keen to move into new markets and required funding to establish a new fully equipped training facility together with increased working capital. SMT approached Alderburn Finance to assist with the fund raising exercise.
With Alderburn Finance's assistance, SMT has been able to substantially increase the range of training courses and is now one of the leading European providers of such services.
Managing Director Martin White said "Neil Davidson at Alderburn Finance took time to fully understand the SMT business and its growth opportunities. The additional funding has enabled SMT to transform into a world class provider of fire-fighting and sea survival training to the global maritime, oil and gas, renewables and construction industries"
Following the successful expansion of the business, increased working capital facilities were required to meet forecast requirements. The company's Accountants were concerned that the company's incumbent bank would only be able to provide part of the additional funding required thus limiting expansion plans. Accordingly they introduced Alderburn Finance to the company to assist with the debt funding requirement.
The outcome was the full amount of increased working capital was sourced by Alderburn Finance resulting in the company increasing turnover by c40%.
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