THE COMPANY

Founded by Nick Proctor in 2009, Amber is an energy consultancy business, offering services to businesses in advanced energy supplier procurement and management. Based in Cardiff, Amber works with a number of high-profile businesses across the UK. The service focuses on optimum energy price procurement, performance efficiencies and carbon footprint management, a sector currently in great focus globally.

‍

CHALLENGE

In 2019, Amber’s core division had grown consistently each year predominantly through work with sports stadia and new funding was required for further growth.

We engaged with Amber to understand the nature of the business and their working capital requirements to support growth. We condensed management information into a concise and compelling lender presentation pack which was shared with several potential lenders on a ‘whole of market’ basis to find Amber the best possible funding solution.

We analysed the modelled cash flow forecasts to determine the right level of funding required, assessing the affordability for the benefit of both Amber and the lender. This underpinned a detailed funding proposal to support the application to Caple, with the models were based upon detailed analysis of the forecasts-based upon projections gathered from working closely with the business.

To allow Amber’s management team to focus on running the business, we supported and streamlined the application process and led negotiations with all potential funders. To complete the process, we also successfully secured invoice discounting facilities to sit alongside the main loan facility.

‍

OUTCOME

With our support, Amber applied for finance to cover its working capital requirements. This was achieved through a £1m unsecured business loan with an eight-year committed term loan repayment facility from Caple. This allowed Amber to sustainably grow across its key business divisions and focus on the emerging opportunities in the ‘Build to Rent’ sector.