Bibby Financial Services (BFS) has provided a £4.5m (€5m) funding package to Kilfrost Group, a Northumberland-based de-icing business.

Kilfrost was founded in the 1930s, and its de-icing division serves 127 airports, airlines, and aviation service providers, and also the rail and ground sectors.

The funding from BFS combines invoice finance, trade finance, and foreign exchange facilities, which Kilfrost said has been used to launch a new product range.

Gary Lydiate, Kilfrost Group chief executive officer, said: “Their support has enabled us to fast-track the launch of…low viscosity heat transfer fluids into the food production, heating ventilation and air conditioning, and green technology sectors.”

David McIntyre, corporate manager at BFS, said that Kilfrost could benefit from the ‘flexibility’ of the funding package.

McIntyre said: “Kilfrost operates in an environment where speed of response is crucial, and access to the product must be provided at very short notice.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“With a highly seasonal business, funding requirements can spike enormously. Having the flexibility of the combined invoice finance and trade finance facilities provides the support that the business needs.”