Muckle’ s banking and restructuring team is helping Tees firms meet their finance and fundraising needs …
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Muckle’ s banking and restructuring team is helping Tees firms meet their finance and fundraising needs …
Experts – Kelly Jordan, partner, and Louise Duffy, partner and head of the banking and restructuring team.
PICTURES: MIKE SMITH PHOTOGRAPHY
Teesside’ s expanding business community is driven by a mix of traditional industries such as engineering and manufacturing, and newer, emerging sectors including AI, green energy and digital healthcare.
Despite their diversity, these sectors all have one common challenge: they need finance to grow, create jobs and boost the local economy.
Louise Duffy, partner and head of the banking and restructuring team at local law firm Muckle LLP, says:“ Teesside’ s business community is thriving, and we are seeing more and more companies tap into our expertise to support their financial growth.”
Although headquartered in Newcastle, Muckle has had a longstanding presence on Teesside.
Most recently, the firm was appointed to the legal panel for the £ 20m Teesside Flexible Investment Fund, which aims to boost economic development across Middlesbrough, Redcar and Cleveland, Hartlepool and Stockton.
Louise explains:“ We work with many financial institutions in the region, which range from banks and private equity houses to corporate clients and individuals.
“ However, we also provide funding for companies operating in other sectors, including property development and investment, hospitality and leisure. This breadth of experience enables us to provide a bespoke service tailored to our clients’ needs to facilitate growth.”
Trusted adviser One of the clients Muckle has helped scale over the years is Wilton Universal Group. The team at Muckle has supported Wilton with several transactions, with one of the most significant being the acquisition of the Haverton Hill facility in Stockton.
This saw the addition of 58 acres to the company’ s Port Clarence base, paving the way for significant growth and the creation of 200 jobs.
Muckle advised Wilton on the purchase of the premises and machinery and all associated funding and tenancy arrangements. Working closely with other advisors, the Muckle team advised on key areas such as priority arrangements and grant and loan funding.
114 | Tees Business