Cynergy Business Finance (CBF) is celebrating four years of operations, having advanced £800 million in funding to businesses across the UK and grown its team to 52 employees.
Since its launch, CBF has developed a comprehensive suite of Asset Based Lending (ABL) products to help SMEs achieve growth objectives. The introduction of block discounting 18 months ago has further diversified CBF’s offerings, boosting its balance sheet by over £100 million and strengthening relationships with leading asset finance providers.
These milestones reflect the company’s strong partnerships with advisors and customers and highlight its ongoing commitment to supporting business expansion and maximising available capital.
In addition, this Summer CBF launched its standalone asset finance (HP) product, signalling a move of further growth for the lender. The aim is to grow this arm to over £200 million by 2028, widening CBF’s support for UK-based SMEs.
CBF has built a strong footprint for lending capabilities since its launch, having provided funding lines totalling £800m to a diverse range of businesses across the country. The lender also has significant extra funding capacity, providing security, confidence and headroom to SMEs as they grow, create jobs, and strengthen the wider economy.
CBF has worked with numerous businesses over the years, with Scotland-based JST Ports & Logistics Holdings Ltd recently benefitting from a facility that supported the acquisition of RFS Works Ltd, as well as assisting with the growth and expansion of its existing subsidiary – JST Services (Scotland) Ltd. Another customer, Greybull-owned First Circle Packaging Ltd in Buckinghamshire, has been with CBF since week one of trading in 2021, showcasing the strength and durability of the lender’s relationships.
Going forward, CBF will continue to expand the support it can offer to growing businesses. It will increase operations across the UK, as it provides a range of funding options to various sectors and scenarios. By deepening engagement with key industries, CBF seeks to address the evolving financial needs of businesses in a dynamic economic landscape. This forward-looking approach will enable the company to strengthen its position as a reliable funding partner and a driver of long-term business success.
Dave Golding and Ted Winterton, Joint Managing Directors at CBF, commented on the milestone: “Reaching our fourth anniversary is a proud moment for Cynergy Business Finance. Over the past four years, we have had the privilege of supporting ambitious businesses across the UK, helping them unlock growth and enhance resilience through flexible funding solutions. This achievement is a testament to the trust our customers and advisors place in us and the dedication of our team, and we look forward to continuing to build strong partnerships in the years ahead.”
Chris Phelan, Partner at Greybull, and Sam Hancock, Managing Director of Greybull-owned First Circle, added: “Having Cynergy Business Finance’s support for the last four years has been instrumental to the surety we have had in supporting the business and our subsequent growth and success. Their team takes the time to understand our business, our ambitions and the challenges along the way. With a personal, practical approach and genuine support, they have helped us grow with confidence in an ever-changing landscape. We look forward to the future with CBF.”
