Britten Norman has secured new funding from a gaggle of traders led by 4D Capital Companions LLP (“4D”), a Non-public Fairness agency that focuses on operational enchancment and enterprise transformation. The brand new traders are making funds out there to Britten-Norman to fund working capital and to drive profitable long-term progress.
Britten-Norman Chief Government, William Hynett OBE, commented:
“The board has been in an prolonged course of to safe the appropriate funding that might enable Britten-Norman to ship its plans to scale up output to satisfy demand. Britten-Norman is a model with a wealthy and entrepreneurial aviation heritage which takes nice accountability in enjoying a vitally vital position in supporting its world-wide buyer base. These clients are the bedrock of their societies, typically offering vital infrastructure or life-critical companies similar to maritime search and rescue and medical evacuation. Following an excessive amount of curiosity within the enterprise, we’re happy to have recognized a brand new investor that shares our imaginative and prescient and technique.”
Alex Silk, founding father of 4D, stated:
“From the outset we noticed the latent worth in Britten-Norman, which has been underperforming for the reason that pandemic. Along with bringing working capital, our workforce will work carefully with administration to assist the corporate ramp up manufacturing to satisfy the thrilling demand for its wanted Islander plane”.
Britten-Norman is the unique tools producer for the Islander, the world’s most iconic business mild twin plane. In 2024 the corporate will probably be celebrating 70 years because it was first established at Bembridge Airport on the Isle of Wight, UK.
We want to thank Chris Pole and Will Wright from Interpath Advisory for his or her help in securing the funding by the sale of the enterprise and belongings of Britten-Norman.
About Britten-Norman
Britten-Norman is a world-leading sub-regional plane producer specialising in twin-engine piston and turboprop STOL plane. The corporate is a UK-based SME, exporting 97% of circa 1,300 plane manufactured up to now. Along with manufacturing the world-famous Islander plane and supporting its clients globally, Britten-Norman is a frontrunner and innovator within the inexperienced “house race”, future-proofing air transport. A take a look at and trials specialist, Britten-Norman’s analysis and growth groups collaborate with pioneering expertise innovators throughout all industries to assist deliver new applied sciences to market.
For extra details about Britten-Norman, please go to www.britten-norman.com
About 4D
4D is a Non-public Fairness agency focussing on particular conditions, operational enchancment, and enterprise transformation. It specialises in unlocking the total potential of underperforming corporations.
For extra details about 4D Capital Companions, please go to www.4dcp.co.uk
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