L-R: Francois Bonnefoy and Richard Bruton.
Capital Croissant, a company that makes fresh croissants, has secured £1.5 million in funding from Lombard Asset Finance, as it looks to scale its business. The deal was supported by professionals from Leonard Curtis.
Capital Croissant is a UK company specialising in high-quality, ready-to-bake French pastries like croissants and pain-au-chocolat. The a fast-growing industrial bakery based in London, marks itself out as making its products to scale, without the use of additives.
As it looks to continue that early momentum, the firm has secured an asset finance facility of more than £1.5 million. The finance will enable the business to secure new machinery to support its long-term growth ambitions.
Francois Bonnefoy, managing director at Capital Croissant, said, “As a newly established business entering a capital-intensive phase, we required a flexible funding solution that could support staged drawdowns for equipment arriving in phases and completed quickly in order to match supplier timelines.”
The facility was obtained with the help of Leonard Curtis. According to Bonnefoy, the team “understood our unique requirements and worked tirelessly to ensure the staged payments for our machinery were in place, allowing us to focus on growing our business”.
Leonard Curtis’ funding team worked with an extensive panel to secure the right lender to support Capital Croissant with a structured asset finance facility. Led by Business Development Manager Richard Bruton, the team secured a deal with Lombard Asset Finance in just two weeks.
Importantly, Lombard was able to support the overall facility, which was structured in stage payments on larger pieces of machinery being produced and supplied from Europe.
Bruton explained, “Capital Croissant came to us at a pivotal moment – poised for investment but needing funding structured in a way that matched its unique cash-flow and equipment supply timescales. Our role was to listen carefully, move quickly and work with a lending partner prepared to be flexible and decisive. We’re pleased to have delivered a solution that supports the business’ growth trajectory and gives the management team confidence to execute their plans.”
Founded over 30 years ago, Leonard Curtis has around 340 employees nationwide and in offshore locations. The company ranks among the UK’s leading restructuring consulting firms. According to a release from Leonard Curtis, the deal underscores the firm’s ability to “solve complex finance challenges for emerging businesses, [and] delivering tailored solutions at pace”.
Leonard Curtis was introduced to Capital Croissants’ accountant, by Tanaka Makawa, business development manager at Lifecycle.
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