Shawbrook Bank

Shawbrook Bank provides asset-backed facility to JB Kind

Shawbrook Bank has provided an asset-backed facility to fund the growth of a timber door distribution company.

JB Kind — which was established over 140 years ago — has supplied builders’ merchants, specialist retailers and national housebuilders for the past three decades.

“It is vitally important for good quality businesses, like JB Kind, to get the appropriate level of service and financing they need to grow and evolve,” said Kelly Henney, relationship director at Shawbrook.

“We’re delighted to have JB Kind as a client and hope this funding will help continue [to] open doors into more markets and continued success.”

James Cadman, managing director at JB Kind, added: “As a well-established business with a compelling growth strategy, we needed to find ways to fund our investment plans for growth within an evolving marketplace driven by changing buying habits and greater focus on fire door safety and compliance.”

Deepak Parekh, partner at Springboard Corporate Finance, which introduced JB Kind to Shawbrook, concluded: “We are delighted to have supported the shareholders of JB Kind with the refinance by securing a comprehensive debt-funding package which will enable the business to deliver its strategic plan and unlock numerous growth opportunities.”

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