Climbing firm gets £150k helping hand
SPECIALIST climbing equipment manufacturer Wild Country has secured a £150,000 working capital facility via the Enterprise Finance Guarantee Scheme.
Founded more than 30 years ago, Buxton-based Wild Country is one of the country’s leading outdoor pursuit brands. It makes technical climbing equipment such as harnesses, helmets and karabiners.
The equipment is used across a number of disciplines including rock climbing, indoor climbing, sports climbing, mountaineering and ice climbing.
The seasonal nature of the climbing business means demand for Wild Country’s products is at its peak during the summer months and consequently the level of working capital required also increases to cover the costs of producing more stock.
The new NatWest facility utilising EFG ensures the company has the funding in place to support it during these peak months.
Martin Atkinson, managing director of Wild Country said: “It is important to ensure we have sufficient working capital reserves in place to cope with the increased demand generated during the peak period for the business. The EFG scheme provides us with a flexible solution and supports our business needs.”
Mark Gough, relationship manager at NatWest in Warrington, added:””We have a long relationship with the company and are very happy to support them.”
The Government-backed scheme aims to ensure that SMEs have the necessary access to working capital or investment finance. The Government will guarantee 75% of any loans made, with the bank covering the remaining 25%.
