Panacea Capital

Panacea Capital, the secured finance division of Panacea Investment Group based in Leeds and Harrogate has provided a structured finance facility to Barkston Plastics Ltd to support the company's development plans. Barkston Plastics, established in 1986 is a bespoke provider of plastics parts, products and solutions into a number of sectors in both... the UK and Export markets. Based in Leeds and Newcastle the company employs over thirty people of which a team of highly experienced, qualified and practiced engineers exist with a recognized level of competence internationally for people engaged in critical welding and engineering occupations. Tim Kiernan MD of Barkston, said; "we will be celebrating our 30th anniversary in business next year, which is testament to the consistency and quality of the work which we have undertaken for our Clients over the years, many of which are still Clients today. Our relentless approach to design and innovation solely in the plastics sector has carved out a renowned reputation in the industry and we are trusted to deliver high performance plastic components which add real value to our Clients proposition. Bringing Panacea to the table is a direct result of the collaborative work we are undertaking with Nissan, Panacea have taken the time to understand this project and are providing the funds to help us grow this area of the business." Dan Summerfield, Director of Panacea, commented; "It's a pleasure to support the business with further working capital. The team have a progressive approach in their field and are renowned for delivering prototypes and solutions to complex situations and projects which is real value add. This results in them being a real strategic partner to many of their Clients. We look forward to assisting the team though their next phase of growth." Ben Slack, Banking and Finance partner at Leeds based Clarion Solicitors provided legal advice to Panacea Capital.Read More