SME Capital completes its first deal in Scotland with Grillburger Frozen Foods funding

SME Capital is pleased to announce supporting Grillburger Frozen Foods Limited with their recent funding package to support their growth plans.

Grillburger Frozen Foods is a long-established wholesale supplier and distributor of food and other products across the Western Isles of Scotland, operating out of its warehouse and office premises in Stornoway.

Originally founded in 1972, the current owner, Sean Clark, purchased the business in 2019 and this friendly transaction has seen an expansion of the product ranges while maintaining the excellent customer and supplier relationships providing a critical delivery service across the Outer Hebrides.

Working closely with all involved, SME Capital were able to provide a bespoke 5-year funding structure to refinance existing term and acquisition debt and also additional working capital facilities to support the growth of the business.

Sean Clark, Managing Director, commented, “Working with Kenny and the team made me feel very much at ease from the off. It was a very professional but also a very friendly service. I must also thank Stephen Paterson, who I will be ever grateful to for his hard work getting us there.”

"It was an absolute pleasure to work with SME Capital,
and I look forward to working with them
on new projects and plans in the future.”

          - Sean Clark, Managing Director, Grillburger Frozen Foods Limited

SME Capital Co-Head of Origination, Kenny Hughes, said, "Since we first looked at this opportunity it was clear the business is in a unique position supporting communities across the Western Isles with essential food and other products. While of course impacted by Covid, the strength of the management team and the relationships they maintain with customers and suppliers has seen Grillburger come through that tough trading period very well placed to continue its growth plans. SME Capital are delighted to support Sean, Ali and the team and we look forward to working closely with them going forward. “

Tony Cameron and Lucy Mosedale of Harper Macleod provided legal advice to SME Capital.

Stephen Paterson, Director of Quest Corporate, who structured an undisclosed bespoke lending package to assist, added, “Delighted to have worked with Kenny Hughes and his team at SME Capital to put funding in place to assist Grillburger Frozen Foods led by Sean Clark ,with their post Covid growth”.

If you would like to discuss refinancing in more detail or our wider funding capabilities do get in touch.

About SME Capital

SME Capital was founded to support the growing number of SMEs who face difficulty or frustration in accessing capital through traditional methods. We understand the importance of real and trusted relationships in the SME lending market and have dedicated Regional Directors based across the UK. By combining traditional lending expertise with the latest in data analytics, we are supporting established UK SMEs with their long-term objectives and business ambitions.

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