The Scunthorpe-based business provides and installs comfort cooling, refrigeration and ventilation systems to a wide range of customers across public and private sectors including health, leisure, education.

David McIntyre and Conor Smyth from BFS’ Corporate and Construction Finance teams, respectively, worked quickly with the advisors to structure an Invoice Finance facility to support the completion of the MBO. The £500,000 funding line has helped resurrect the business, saving over 30 jobs.

John Higginbottom, managing director, FEL Group, commented: “The funding from BFS has been fundamental in securing the future of FEL Group and, most importantly, the jobs of 35 of our employees..'