Shawbrook increases funding line for Goodfish Group

Goodfish Group, a UK contract manufacturer specialising in plastic and composite components, has secured an enhanced funding line from Shawbrook. The bank’s multi-asset facility, totalling £11 million, has enabled Goodfish to finalise its acquisition of Schneider Electric’s UK extrusion and assembly business in Flint while boosting working capital for future growth.

Founded in 2010 by Greg McDonald, Goodfish Group has grown through strategic acquisitions, expanding its operations to four manufacturing and assembly facilities across the UK. The Flint acquisition, completed in October 2024, marks a significant milestone in the company’s journey, bringing enhanced capabilities and positioning it to meet increasing demand, particularly in the building and construction sectors.

The newly acquired operations will now be integrated under the name Goodfish (Flint) Ltd, further solidifying the Group’s footprint in the extrusion and assembly market.

Goodfish has relied on Shawbrook’s expertise since 2020, when the bank supported its acquisition of Honeywell’s injection moulding and tool-making operations in St Asaph. The decision to continue working with Shawbrook for the Flint acquisition reflects the bank’s proven track record in supporting complex transactions and providing flexible solutions.

The £11 million funding package includes multi-asset facilities secured against receivables, property, inventory, and plant & machinery. This structure provides Goodfish with the resources needed to integrate the Flint business and sustain future growth.

“We’re pleased to bring the Flint operations into the Goodfish Group and for the continued support of Shawbrook in funding these strategic initiatives.”

Shawbrook played a crucial role in facilitating the acquisition, navigating the transaction’s complexities and extended timeline. Liam Baxter, Client Director of Asset Based Lending at Shawbrook, said: “We’re delighted to continue our support of Goodfish’s growth and build upon our longstanding relationship.

“The acquisition was complex, involving an extended timeline and multiple approvals due to the scope and scale of the transaction. We worked closely with Jamie and the team at Goodfish to adapt the funding as needed, ensuring the company could proceed with confidence despite the complexities.”

“This latest transaction reflects Shawbrook’s capability in structuring multi-asset solutions and aligns with our commitment to supporting the growth ambitions of mid-sized UK businesses.”