We were delighted to help Amber Energy to successfully access a £1m unsecured business loan.
Founded by Nick Proctor in 2009, Amber is an energy consultancy business, offering services to businesses in advanced energy procurement and management. Based in Cardiff, Amber works with a number of high- profile businesses across the UK. The service focuses on optimum price procurement, performance efficiencies and carbon footprint management, a sector currently in great focus globally.
In 2019, Amber’s Core division had grown consistently each year predominantly through work with sports stadia. Growth had been funded through retained profits, supplier relationships and short-term funding such as Funding Circle.
The opportunities for the group were growing significantly and into different sectors such as ‘Build-to-Rent’ a high growth area. But working capital requirements constrained its growth into different sectors. It was important to put in place a committed term loan structure to support the groups growth.
With our support, Amber applied for finance to cover its working capital requirements. This was achieved through a £1m unsecured business loan with an eight-year committed term loan repayment facility from Caple. This allowed Amber to sustainably grow across its key business divisions and focus on the emerging opportunities in the ‘Build to Rent’ sector.
