£20m ABL facility boosts growth for CF Booth

A UK metal recycling business, CF Booth, has secured a £20 million asset-based lending (ABL) facility from Independent Growth Finance (IGF) to support its next phase of expansion.

Headquartered in Rotherham and founded in the 1920s, the family-owned company has grown from a small local trader into one of Europe’s largest independently run metal recycling firms. Today, CF Booth employs more than 200 people and trades both ferrous and non-ferrous metals, processing recycled materials for customers across the UK and overseas.

The flexible financing package will provide working capital to fuel the company’s growth strategy, enabling further investment in operations and performance improvement. Interpath Advisory advised CF Booth on the transaction.

“We are extremely positive about the new opportunities this investment will create. It further strengthens our position, allowing us to invest further in our operations, demonstrating our commitment to provide for our customers.”

“This investment will create a step change in the business, allowing them to invest in their operations and increase their capabilities to secure further new contracts.”