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ThinCats launch £100m programme for owner-managed South East businesses

The Business Magazine article image for: ThinCats launch £100m programme for owner-managed South East businesses
28 March 2024

ThinCats, an alternative finance provider for mid-sized SMEs, has announced a new £100 million funding commitment to support the growth ambitions of owner-managed businesses across the South East and London.

The group has invested significantly in the region over the last year, making senior appointments to its origination, transaction management and relationship management teams.

Steven Munt, senior director at ThinCats, said: “Over the last few months, we’ve seen a sharp increase in funding opportunities with business owners gaining confidence following a peak in rate hikes and inflation.

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“There are so many exciting businesses in the region and this announcement signifies our commitment to helping more entrepreneurs access vital pools of debt capital to really grow their business.”

Dave Sherrington, MD London and South East at ThinCats, added: “This is a market where we enjoy a lot of success, alternatives to the high street are thriving and ThinCats is leading the way for non-bank lenders.

“We think there’s even more potential for growth, which is why we continue to invest in our infrastructure, working together with the local finance community to help mid-sized businesses across the region thrive.”

Eligible businesses must have an EBITDA of more than £1 million.

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Born and raised in Berkshire, Dan fell into journalism after completing his bachelor’s degree in English at UCL.

Writing for The Business Magazine and local Biz News sites has given him the opportunity to chat with all manner of small business owners and share their success stories with a wider audience.

Outside of work, Dan enjoys live music, board games and quiz shows, and is making a slow but persistent effort to learn Spanish.

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