London-based industrial bakery Capital Croissant has agreed a £1.5m finance package to help the business buy new machinery and support long-term growth ambitions.
The company makes ready-to-bake French breakfast pastries, such as croissants and pain au chocolat, without the use of additives.
Capital Croissant worked with advisory firm Leonard Curtis to find a lender and secure the bespoke asset finance facility.
Lombard Asset Finance structured the facility to allow the business to buy larger pieces of machinery being produced and supplied from Europe in stages.
“As a newly established business entering a capital-intensive phase, we required a flexible funding solution that could support staged drawdowns for equipment arriving in phases and completed quickly in order to match supplier timelines,” said Capital Croissant managing director Francois Bonnefoy.
“Securing this funding so quickly was a game-changer for us.”
Richard Bruton, business development manager at Leonard Curtis, added: “Capital Croissant came to us at a pivotal moment – poised for investment but needing funding structured in a way that matched its unique cashflow and equipment supply timescales. Our role was to listen carefully, move quickly and work with a lending partner prepared to be flexible and decisive.”
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