Banking on a Square deal

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Corporate finance specialist Castle Square has helped Dronfield-based metals and ferro alloys producer and distributor Westbrook Resources to fund growth plans.

Sheffield-based Castle Square was called in to find a new funding partner for Westbrook after the £53 million turnover business outgrew the capacity of its existing overseas lender.

“We were delighted to help the company replicate the facilities with a major UK clearing bank,” said Castle Square’s Kevan Shaw. Castle Square was given the job of finding a new funding partner to provide a £17 million working capital and foreign exchange facility.

Funding has been provided by Lloyds Bank Commercial Banking.