Rapid £1.4m funding secures future of Northamptonshire manufacturer

A Northamptonshire-based manufacturer of glass and roofing systems has secured a £1.4 million funding package in a rapid turnaround deal designed to safeguard its future and unlock further growth.

Double R Glass and Roofing Systems (Double R) has completed a management buy-in backed by the funding, which was delivered in just 15 days by Praetura Lending. The speed of the transaction enabled the business to transition quickly into new ownership while maintaining operational continuity.

The £1.4 million facility was structured as an asset-based lending (ABL) package, combining working capital through invoice finance with plant and machinery funding via asset finance. The deal highlights Praetura’s ability to provide integrated, flexible funding solutions tailored to time-sensitive situations.

Founded in 2000, Double R manufactures sealed glass units, decorative panels and conservatory roof kits from purpose-built facilities in Northamptonshire. Its products are distributed across the Midlands, East Anglia and the South of England, serving a broad customer base in the construction and home improvement sectors.

The incoming management team now plans to review operations and optimise production lines to maximise output. Improvements within the roofing division are also expected to enhance efficiency as the business enters its next phase of growth.

Max Doyle, Finance Manager at Double R, said: “We are extremely pleased with the outcome of this process. The speed and professionalism shown throughout gave us real confidence, and the funding ensures continuity for our employees, stability for our customers and suppliers, and a strong foundation for the future.

“The collaborative approach taken by everyone involved helped the transaction move forward smoothly, and we are excited about the opportunities this now creates. Jeff Greenfield’s responsive and pragmatic approach supported the efficient progression of the deal and meant that the wider team remained aligned throughout.”

Jeff Greenfield, Sales Director at Praetura Lending, added: “It was a pleasure working with the team at Double R. Their clarity, engagement and openness allowed us to move at pace and deliver the funding they needed within a tight timeframe.

“In situations like this, where timelines are critical, having a flexible funding solution in place and direct access to Praetura’s senior management team can make all the difference in enabling a smooth ownership transition and providing certainty for employees and customers.

“This transaction demonstrates what can be achieved when everyone is aligned around a common goal, and we’re proud to support a business with such a strong reputation, loyal workforce and valued customer base as it moves into its next phase of growth.”

Praetura was advised by Bermans, with the legal team led by Alissa Marsh and Sean Quinn. A receivables survey was conducted by ABL Risk, while plant and machinery valuation was carried out by Tallon.