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Interpath has advised SIL Group, a multi-generational family-owned business, on securing a new Asset-Based Lending (ABL) facility with Shawbrook Bank.
The SIL Group, a collective of 20 textile companies, supplies premium textiles to the designer fashion sector, including bespoke tailors on Savile Row, as well as to leading luxury brands throughout Europe.
Its portfolio of businesses spans a wide range of textile applications, from technical fabrics through to luxury fashion.
The ABL facility will enable SIL Group to utilise value across its asset base, providing a funding structure that aligns with the group’s strategic goals, including its commitment to sustainability and innovation in textile production.
In addition, the funding will support its ability to trade worldwide, including across the Middle East and Europe, and particularly in Italy, where it maintains strong commercial ties with a multitude of fashion brands.
Ben Smith led the financing advisory team from Interpath, which included Jonathan Rainey and Jake Bennett.
Smith said: “This facility is a great fit for the SIL Group – a remarkable business based at the centre of the UK’s textile heartland in Bradford. The facility provides the business with the financial platform to support its international growth ambitions. It’s also a fantastic example of how tailored funding solutions can empower British manufacturing to thrive in a global market.”
Andrew Seal, CEO of SIL Group, added: “We’re delighted to have secured this facility with Shawbrook, supported by the Advisory team at Interpath. It now gives us the flexibility we need to continue investing in our operations, serving our prestigious customer base both in the UK and internationally, while staying true to our values of quality, craftsmanship, and sustainability. This is a vote of confidence in British textiles and in our skilled workforce, both here in Yorkshire and in Scotland.”
