Aerospace manufacturer eyes growth after £2.5m lending facility

UK aerospace manufacturer Aeromet International has secured a £2.5m asset-based lending facility from Cynergy Business Finance (CBF).

With operations across three sites in Worcester, Sittingbourne, and Rochester, Aeromet boasts over 40 years of expertise in supplying flight-critical parts.

Following its acquisition by private equity firm Privet Capital in 2015, Aeromet underwent a thorough restructuring, accompanied by additional investments aimed at strengthening operational capabilities and fostering sustainable long-term value.

CBF collaborated closely with Privet Capital and the Aeromet team to structure a flexible ABL facility, providing additional working capital to support the business.

Steve Keating, chairman at Aeromet International Limited, said: “With over 40 years in the industry, Aeromet is now an established critical service provider in the global aerospace and defence industry. It has been great to work with Hannah, Paul and the CBF team, and this new working capital injection will help set us up for further success as we enter our next stage of growth.”

Hannah Crow, corporate sales manager at Cynergy Business Finance, said: “Aeromet has seen impressive growth in recent years, and coupled with their decades of experience and strong relationships with some of the most well-known organisations in the aerospace sector it is clear that they are set to continue on this upward trajectory. We are pleased to be supporting such an innovative business, providing it with additional working capital to support its future growth plans.”