Byotrol raises £380,000

HYGIENE products firm Byotrol has raised £380,000 by issuing loan notes to new and existing investors.

The Daresbury firm said the cash will be used to support a restructuring and support growth plans.

The notes have a term of three years and carry a coupon of 10%, payable quarterly.

Chief executive David Traynor said: “These funds will allow us to further develop our plans to create a stronger Byotrol.

“We are currently performing to plan and are now able to start looking at growth from our new, leaner base.”