Metro Bank has finalised a £19.7m asset-based lending deal to support Hepworth Clay, the UK’s sole manufacturer of vitrified clay pipes, now under the ownership of 4D Capital Partners LLP. The financial package includes invoice and stock finance, a plant and machinery term loan, as well as ongoing working capital.
Hepworth Clay, a key player in the Midlands manufacturing sector, produces drainage solutions and terracotta construction products, sourcing materials from its own quarries. This financing will enable the company to continue its operations and expand under its new ownership.
Metro Bank’s involvement comes as part of its broader strategy to support regional manufacturing businesses. The bank worked alongside 4D Capital and various advisors to structure a deal that addresses the unique needs of Hepworth Clay, ensuring it remains a vital part of the local economy.
4D Capital Partners, which has recently acquired Hepworth, was advised by a range of local professionals, including Quantuma and Shoosmiths. Metro Bank’s team provided the necessary flexibility to navigate the complexities of the deal, marking a strong step in the bank’s commitment to supporting UK manufacturing.
