The London finance firm is investing £ 1.3m in a metal firm

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A London finance company has invested more than £ 1m in building a steel company.

Nucleus Commercial Finance has provided steel construction specialist Leyton Group with a £ 1.3 million facility to help it take on larger projects and expand across the UK.

The £ 1.3 million combined mortgage and home loan facility will generate additional working capital for the company.

Fraser McFarlane, Managing Director of Leyton Group, commented, “Working with Nucleus Commercial Finance will allow us to grow our business and take advantage of the opportunity to expand into cities like Liverpool and Manchester.

“The Nucleus team took the time to understand our business, people and needs in order to truly tailor a bespoke facility.

“While this is a challenging time for companies, our backlog is in a strong position with a steady pipeline of activity and we still have ambitious plans for 2020.”

Dennis Pym, Head of Sales for Nucleus Commercial Finance, added: “We are excited to support the Leyton Group in fulfilling their growth ambitions.

“This multi-faceted finance facility combines our knowledge of the manufacturing industry and our ability to use more than one product, giving the Leyton Group Finance executive team the ability to address your needs precisely.

“SMEs across the UK are facing unprecedented times and it is crucial that they have access to finance to support their plans.

“This deal is a great example of how we individually look at the needs of each business and shows the role alternative lenders can play in helping UK SMEs in the current climate.”

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