LONDON--()--GE Capital today announces that it has provided a £10.75m Asset Based Lending (ABL) facility to Reflex Group, a leading manufacturer of product labels, to support the company with its future growth ambitions.
Reflex Group, which has bases in Mansfield, Leeds, Newcastle, Boston, Leicester and Telford manufactures labels and flexible packaging for a number of branded and supermarket products. The company has a strong focus on eco-packaging and is the fastest growing label manufacturer in the UK.
GE Capital will provide Reflex Group with a flexible financing facility that will give the company access to working capital to support its continued growth.
Barry Lee, Regional Director, GE Capital UK, commented: “We’re delighted to be working with Reflex Group. As a fast-growth business, the team needs a package that allows it to take advantage of potential opportunities. The deal we have agreed will provide a flexible finance package that will allow the company to grow and develop their business further and faster.”
Ian Kendall, Managing Director, Reflex Group, added: “GE Capital has been able to provide us with the right financing facility to support our future growth plans. From the outset, we were impressed with their consultative approach and ability to provide a tailored package that fitted our needs as a company. In addition, their strong brand and financial stability gave us complete confidence in choosing them as a partner.”
Notes to Editors
About GE Capital in the UK
GE Capital is one of the leading commercial finance providers in the UK with major operations in asset-based lending, fleet, leasing and healthcare financial services. GE Capital has major offices in Bristol, Manchester, Sale and the London area and focuses on providing leasing and lending solutions, from working capital and investment finance through to fleet management and equipment leasing to mid-market customers.
GE Capital Bank Limited, registered in England and Wales No. 02549477, registered address The Ark, 201 Talgarth Road, Hammersmith, London, W6 8BJ. Authorised and regulated by the Financial Services Authority to accept deposits.
For more information, please visit www.gecapital.co.uk
About GE Capital
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (@GECapital).
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. For more information, visit ge.com