PMD and Praetura back £2.5m refinance to fund firm’s northern push

Alejandro Gonzalez

Wed, May 14, 2025, 3:22 AM 2 min read

PMD Business Finance has structured a £2.52m plus refinance woody to enactment the enlargement of a increasing works and instrumentality prosecute institution into bluish England.

The transaction, arranged connected behalf of Hire and Supplies Ltd and funded by Praetura Asset Finance, refinanced much than 250 assets crossed 160 abstracted agreements. The woody has importantly reduced the company’s monthly concern costs and released moving superior to enactment its strategical maturation plans.

PMD, based successful Greater Manchester, played a cardinal relation successful coordinating the analyzable colony process, delivering the backing successful 3 tranches implicit 5 moving days.

Kai Wynne-Jones, structured concern manager astatine PMD, said the broker worked intimately with the concern to present a tailored solution. “We’re committed to knowing our clients’ objectives and gathering bespoke backing packages that enactment semipermanent growth,” helium said. “This transaction volition alteration Hire and Supplies to fortify its beingness successful a caller portion and make section employment opportunities.”

The backing volition let Hire and Supplies, which operates depots successful Dumfries and Oban, to found a carnal basal successful Cumbria. Director David Chandler said PMD had “moved quickly” to present a refinancing bundle suited to the firm’s needs. “This woody frees up important currency for concern successful bricks-and-mortar growth, peculiarly successful a portion wherever competitors person scaled back,” helium said.

Will Brazel, determination income manager astatine Praetura Asset Finance, described the woody arsenic a “strong example” of collaborative execution. “With a ample measurement of agreements to settle, the transaction required adjacent coordination betwixt funder, broker and client. The result demonstrates the worth of plus refinance successful unlocking moving superior and supporting determination expansion.”

"PMD and Praetura backmost £2.5m refinance to money firm’s bluish push" was primitively created and published by Leasing Life, a GlobalData owned brand.

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