Bank deal helps save 185 jobs at ladder and scaffolding firm
Manchester-based Secure Trust Bank Commercial Finance has provided a £5m asset-based lending facility to ladder and scaffolding manufacturer Lyte, supporting a significant investment by private equity house Breal Capital.
The deal sees the business bought out of administration, saving 185 jobs at the Swansea-based company.
Founded in 1947, Lyte manufactures aluminium and glass fibre access equipment for a wide range of sectors and locations around the world.
The firm was responsible for providing ladders to support Sir Edmun... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...