Clearwater provides advice for engineering BIMBO

Backed by the North East office of Lloyds TSB Commercial Finance (the asset-based lending arm of Lloyds TSB Bank), the BIMBO is being led by Paul Torday (MBI candidate), and the current group managing director, Peter Bernard. The BIMBO team were advised by Clearwater Corporate Finance.

Investment in the business will be the key focus going forward as the new owners believe that, with the resource and access to capital this opportunity brings, they can capitalise on a number of significant opportunities in the near future.

The group is based in 56,000 sq ft of high quality manufacturing space on the Team Valley. It is a leading UK provider of specialist engineering services to a number of markets including; aerospace, defence, oil and gas, medical, FMCG, and automotive markets.

With a £6m aggregate turnover, Responsive is a group holding company with four strategic businesses.

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