£900k Refinance Unlocks Growth for Electrical Safety Training Provider

A specialist electrical safety training provider sought a £900,000 Refinance facility to restructure expensive MBO debt and remove restrictive covenants. FBX Capital identified a flexible high street lender that provided an Cash Flow Loan, enabling the company to reduce debt service costs and unlock working capital for strategic growth in the rapidly expanding EV training sector.

The business provides electrical safety training courses to clients' employees, helping them maintain safety standards and remain compliant with regulations. Their services are primarily delivered to the automotive industry, with particular strength in the rapidly growing electric vehicle sector.

Following a management buyout the previous year, the business was performing well but remained burdened by the original acquisition debt. High monthly debt service and a restrictive cash reserve covenant were limiting management's ability to invest in expansion and capitalize on strong market opportunities in EV safety training. The company required a Refinance solution that would reduce their cost of debt and provide the operational flexibility needed to scale effectively.

The £900,000 Refinance provided the electrical safety training provider with the financial structure needed to capitalize on growth opportunities in the expanding EV training market. The elimination of restrictive covenants and reduction in debt service costs created immediate working capital for strategic investments. Management can now focus on scaling training capacity and strengthening their position as a specialist provider in a rapidly growing sector.