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Leonard Curtis Secures £15M Finance Deal For Charles Trent



Leonard Curtis has secured a £15 million refinancing and growth facility for Charles Trent Limited, providing increased working capital and long-term headroom to support continued expansion, investment in innovation and the scaling of its circular-economy operations.


Charles Trent has been at the forefront of automotive recycling for 100 years. It is the UK’s largest family-owned vehicle recycler and salvage business, with processing capability of up to 52,000 vehicles per annum and is a recognised leader in the automotive circular economy.


The business operates from two principal sites in Poole, Dorset, purpose-built to support high-volume, low-waste vehicle dismantling. ESG considerations are embedded throughout the operation, from building design to production processes and machinery.


Solar panels generate on-site renewable energy across its 100,000 sq ft facility, while its newest production building has been independently assessed as delivering materially improved carbon efficiency compared with standard industrial benchmarks, setting a new standard within the UK sector.


Charles Trent is also the first UK dismantler to provide verified CO₂ saving certificates across all sales channels, allowing customers to clearly quantify the environmental benefit of reused automotive components.


The business’ consistent focus on operational innovation has attracted strong interest from lenders and investors, particularly its lean, repeatable processing model, which is designed to be scalable across multiple locations. Investment in technology, sustainability and production capability remains central to the company’s long-term growth strategy.


Led by CEO Marc Trent, the business undertook a strategic review of its banking arrangements to ensure its funding structure aligned with its growth ambitions. While the previous lender had supported the business over many years, the priority was to secure a partner with the appetite and understanding to support the next phase of expansion.


The transaction completed a full refinance of the incumbent lender, with challenger business bank Allica Bank providing a three-year revolving credit facility of approximately £15 million. The deal was led by Dave Rushton, Regional Lead at Allica Growth Finance.


Marc Trent, CEO of Charles Trent Limited, commented:

“This funding marks an important moment for Charles Trent. As we move into our 100th year, we’re proving that a family-owned business can lead the way in scale, sustainability and innovation."

“The investment gives us the headroom to accelerate growth, back our people, and continue building world-class circular-economy infrastructure. What matters most to me is working with funding partners who understand not just where we’ve come from, but where we’re going. Allica and Leonard Curtis clearly get that, and this facility puts us in a strong position for the next phase of our journey.”


Dave Rushton, Regional Growth Finance Lead at Allica Bank, added:

“Charles Trent is a strong example of a long-established business that has successfully evolved through sustained investment, innovation and operational discipline. Marc and the management team have a clear strategy for growth, underpinned by scalable infrastructure and a credible ESG proposition."

"We’re pleased to support the business with flexible funding that enables continued investment, while maintaining the stability needed to deliver its long-term plans.”


Mike Dinnell of Leonard Curtis provided debt advisory support. Commenting on the transaction, he said:

“We’re pleased to have supported the refinancing and secured growth capital for the business. Significant investment has been made in production facilities, technology and innovation, delivering benefits not only to Charles Trent but across the wider automotive supply chain."

"The business has the capability to drive meaningful change in the UK and European automotive circular economy, and we look forward to working alongside Allica Bank as those plans are delivered.”


The management team comprises Marc Trent, Neil Trent, Alison Hopkins, Martin Scott and James Bawa, who will lead the business through its next phase of growth.


Tim Stone, Craig Hardman and Martin Logan of Steele Raymond advised Charles Trent Limited, while Edward Sundeland, Partner at Pinsent Masons, advised Allica Bank.

 



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  • Writer: Linda Andrews - Editorial Assistant, Nuse Online
    Linda Andrews - Editorial Assistant, Nuse Online
  • Dec 1, 2023
  • 2 min read

The University Centre at the Heart of Yorkshire Education Group has been awarded ‘Silver’ for student experience in the Teaching Excellence Framework (TEF) 2023.


Conducted by the Office for Students (OfS), the panel of judges praised the University Centre for the outstanding student experience it offers – with data showing it significantly outperforms TEF’s benchmarks in this area.


The report concludes that the University Centre’s teaching, assessment and feedback; course content and delivery; student engagement in learning and stretch; staff professional development and academic practice; learning environment and academic support; learning resources; and student engagement in improvement, were all rated high-quality features.


This follows the University Centre’s National Student Survey 2023 results, in which it placed significantly higher than the national average for student experience.


Over 92% of students stated they feel positive about the teaching and support they receive at the University Centre as part of the survey, 8% higher than the sector average.


The University Centre also placed significantly higher than the national average in terms of learning opportunities, assessment, academic support, student voice and course organisation. Regarding student outcomes, the Group was also ranked highly for its approach to supporting student success; continuation and completion rates; progression rates; intended educational gains; approaches to supporting educational gains; and evaluation and demonstration of educational gains.


In the Teaching Excellence Framework, the Group was rated ‘Bronze’ for student outcomes, meaning the Group received an overall grade of ‘Bronze’ – with both student experience and student outcomes rated as high quality, with some very high-quality features.


Sam Wright, Principal and Chief Executive at the Heart of Yorkshire Education Group, said:

“Ensuring that our students have an exceptional experience and can progress onto positive destinations are at the forefront of what we do at the Heart of Yorkshire Education Group, so we are delighted to have been rated ‘Silver’ in this area."

"Providing a supportive environment where our students can learn, grow and develop on an academic and personal level is something which we feel strongly about and TEF’s feedback will help us to further build on this, enabling our students to move successfully onto their next steps and achieve their dream careers.”


Across its three campuses in Castleford, Selby and Wakefield, the University Centre offers a range of degree-level programmes including Foundation Degrees, Full Degrees, Higher National Certificates and Diplomas, Top-Up Degrees and Teacher Training.


Covering a wide range of subject areas including Animal Management, Art & Design, Business, Construction, Childhood Studies, Digital Technologies, Education, Engineering, Health & Wellbeing, Music, Performing Arts, Public Services, Social Science, Sport and more, the programmes are validated by some of the region’s most well-established universities.


The Group also provides a variety of Access to Higher Education courses which are designed to provide learners with the relevant knowledge and study skills they require if they’ve been out of education for some time and hope to successfully complete a degree course.


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