21 C
Manchester
Saturday, June 21, 2025
NewsInvestmentPraetura Commercial Finance supports Cheshire-based Egertons’ growth with £5.3m funding facility

Praetura Commercial Finance supports Cheshire-based Egertons’ growth with £5.3m funding facility

Praetura Commercial Finance has provided £5.3m of funding to support Egertons, one of the UK’s leading vehicle rescue and recovery operators, to enable their growth plans across the UK.

Based in Mobberley, Cheshire, Egertons is one of the UK’s leading vehicle rescue and recovery operators, with over 400 vehicles and 26 sites across the UK. The business supports a diverse range of clients including SMEs, blue-chip businesses and large public sector organisations with roadside repair and breakdown recovery.

Egertons – which was founded in 1962 – delivers its rescue and recovery services through three main trading companies: Egertons, the Mansfield group and EFM.

As demand for its services grew, Egertons reached out to its professional partners to re-examine its working capital provision. The business chose to partner with Praetura Commercial Finance due to its reputation as an entrepreneurial finance provider.

Within 24 hours, the team had been to visit Egertons to understand the businesses sales cycle and logistical model. The ‘time to cash’ from first introduction was just two weeks. A noticeably different approach to conventional lenders.

Les Brooke, finance director at Egertons, said: “The facility offered by Praetura Commercial Finance has been an excellent solution to enable us to fund the growth of the group. They spent time to gain a real commercial understanding of our business and delivered on the terms they offered at speed. It makes a real difference when we can speak directly to decision makers.”

Stuart Bates, commercial director at Praetura Commercial Finance, added: “We want to be the finance partner of choice for ambitious and entrepreneurial UK SMEs. In the current climate, we’re working with great businesses like Egertons to help them to remain adaptable and reactive to the current challenges of the UK economy. It was great to work with Les and the team on this transaction, and we look forward to supporting them in the future.”

Praetura Commercial Finance is part of the Praetura Group, a specialist equity and debt funding business aimed at providing an alternative to more rigid institutional lenders. Founded in 2011, the group posted record figures in 2021 and increased its total loan book to over £200m.

According to the recent Experian M&A Review, Praetura Commercial Finance was the North West’s leading debt provider in 2021.

Damian McGann at Funding Friends Ltd provided debt advisory advice to Egertons.

Latest

CTI Digital appoints new CEO to drive innovation and growth

CTI Digital, the North West-based full-service digital agency, has appointed Chris Burgess as its new Chief Executive Officer to lead its growth strategy and...

Halton Business Leader Wins Entrepreneur of the Year at 2025 Awards

Nick Griffiths, Managing Director and Owner of Industrial Cooling Equipment Ltd (ICE), has been awarded Entrepreneur of the Year at the distinguished Halton Business...

Help desks and client portals explained: Choosing the right tool for your customers

The customer is king, so the saying goes. No matter how good the quality of your products or services, it's all for nothing if your...

SB Bank Introduces Pre-Launch Phase with Cutting-Edge Hybrid Financial Model

SB Bank has officially initiated its pre-launch phase, debuting a hybrid financial model that combines traditional banking with blockchain innovation—ushering in a new era...
Subscribe to our newsletter
Business Manchester will use the information you provide on this form to be in touch with you and to provide updates and marketing.
Don't miss

Help desks and client portals explained: Choosing the right tool for your customers

The customer is king, so the saying goes. No matter how good the quality of your products or services, it's all for nothing if your...

Halton Business Leader Wins Entrepreneur of the Year at 2025 Awards

Nick Griffiths, Managing Director and Owner of Industrial Cooling Equipment Ltd (ICE), has been awarded Entrepreneur of the Year at the distinguished Halton Business...

CTI Digital appoints new CEO to drive innovation and growth

CTI Digital, the North West-based full-service digital agency, has appointed Chris Burgess as its new Chief Executive Officer to lead its growth strategy and...

More News

Fresh Financials Group Expands Reach with Acquisition of AccountsForMe Ltd

LONDON, UK. July 18th, 2024 – Fresh Financials Group (FFG), a prominent Xero Platinum Partner known for its cutting-edge cloud-based financial operations services, has...

How MetaTrader Can Enhance Traders’ Ability to Tackle Market Volatility

In the dynamic world of trading, market volatility is an ever-present force that can make or break a trader's success. Navigating through turbulent market...

Prefabricated and modular construction manufacturer Module-T to expand into Europe from the South of France

After a decade and a half of pioneering modular and prefabricated construction and establishing large-scale container sites, Module-T has launched a new depot in...