Member Article

Colus unlocks funding for growth

South-West based Colus Ltd have secured a £70K asset refinance package from Genesis Asset Finance to support ongoing operations.

Simon Aylott-Cleaver and Andrew Edwards incorporated the business in 2013, delivering sewer renovation, CCTV solutions and drain repair services by using a variety of methods that rectify any structural sewer problem in a quick, efficient and cost effective manner.

The business has grown, acquiring another operator recently, and now operates from three depots serving clients across the South West, West and East Midlands. The funding will enable Colus Ltd to strengthen cashflow and continue to provide high quality services to its clients.

Managing Director Simon Aylott-Cleaver, commented: “Genesis’ support enables us to secure our ongoing operations and gives us a solid foundation for future growth. Genesis’ creativity ensured that when issues arose they could structure solutions; we couldn’t have secured this funding without Genesis Asset Finance’s support.”

The deal was assisted by Martin James, Director at Crystal Business Finance, who said: “This deal wouldn’t have happened without Genesis Asset Finance. Other funders were unwilling to consider the assets Genesis refinanced and understand the nature of the business; I don’t believe that anyone else could have structured an appropriate funding package.”

Andrew Frost, Business Development Manager at Genesis Asset Finance, added: “At Genesis we’re proud of our flexibility and willingness to consider the bigger picture in ways that larger funders won’t. Working with incumbent funders and management we are delighted to have structured a bespoke funding package to support Colus’ ongoing operations and secure the company’s future growth.”

This was posted in Bdaily's Members' News section by Genesis Asset Finance Ltd .