GE Capital has provided Redditch-based Visual
Foods Holdings Ltd with a £4.75m (€5.6m) working capital facility,
comprising a £3.5m invoice discounting facility, and a £1.25m
inventory finance facility.
The injection allowed Visual’s management team
to buy out the business, including subsidiaries Visual Foods Ltd
and Dragon Delight Foodservice Ltd, from parent group British
Seafood, which entered administration in February.
The transactions were completed just over
three weeks after Visual’s initial enquiry, and will enable the
business to continue trading under its new name, without losing
employees.
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