We are delighted to have supported Restek UK, a specialist concrete and ground remediation company, with a significant growth funding facility.
Restek utilizes a unique deep depth Ground Penetrating Radar (GPR), and combines with bespoke software to ensure precise, accurate and reliable data results. This has enabled the Ripley based business to deliver remedial solutions projects to a broad range of clients including Network Rail, Highways England and Coal Authority.
Since 2021, Restek has been an EOT (Employee Ownership Trust). This has been a key driver of the company’s success, with all employees benefitting from strong growth in recent years. Funding from ThinCats will provide the business with additional firepower to continue their strong growth trajectory.
The transaction was advised by Kevin Steven and Jimmy Moore at Pierce Corporate Finance, Paddy Sturman at Irwin Mitchell acted for Thincats and Carly Brown at Clarion provided legal support for Restek UK.
We pride ourselves on delivering real value for our clients on each and every project we undertake. Therefore, it was important to work with a funding partner who understands our values and vision for the future. Ben and the team at ThinCats took the time to get to know our business and provided a funding package that will support our future growthTim Knight, CEO, Restek UK
Ben Kimball, Director Business Development, ThinCats, said: “It’s been fantastic working with Tim and the expert team at Restek whose industry experience and vast portfolio of remedial services sets them apart in the market. Delighted to be supporting an innovative, employee owned business and we look forward to seeing them go from strength to strength.”
