Cynergy Business Finance delivers £17m facility to Steel Dynamics Group

Cynergy Business Finance (CBF) has provided a £17 million asset-based lending facility to Lancashire-headquartered Steel Dynamics Group, alongside an undisclosed equity investment from Bolt Industries.

The funding package, which includes invoice discounting, inventory finance, asset finance, and a cashflow loan, will give Steel Dynamics additional liquidity to meet growing demand while supporting its strategy to lower customer costs and boost UK manufacturing competitiveness.

Founded in 2011, Steel Dynamics Group is a fast-growing supplier and processor of stainless, carbon, and non-ferrous materials. Through its divisions Steel Dynamics UK, Offshore Stainless Supplies, and P&P Bornmore Metals, the group serves high-spec sectors such as nuclear, offshore, and petrochemicals. Its advanced cutting capabilities include the UK’s largest 14m x 4m waterjet machine.

“This funding demonstrates our commitment to backing ambitious, high-performing businesses that are driving the UK’s industrial sector forward.”

Ian Griffiths, CEO of Steel Dynamics Group, added: “Partnering with Cynergy Business Finance and Bolt Industries has given us the financial flexibility and confidence to accelerate our growth plans. Their tailored approach made them the ideal partner for this next phase.”

The deal was advised by Cowgills, led by Debt Advisory Partner Benjamin Day, with further support from Interpath Advisory, European Valuations, Bermans, AB Corporate, and Mills & Reeve.