Civil Rail Solutions Limited Secures £3 Million Funding Line with Bibby Financial Services

Civil Rail Solutions Limited (CRS) has recently secured a £3 million confidential invoice discounting funding line with Bibby Financial Services (BFS), a leading independent SME funder. This funding will allow CRS to meet the increased demand for labour in the rail and construction industries following Network Rail’s £45.4 billion investment plan.

CRS, established in 2008 and based in Ashford, Kent, provides personnel solutions to major contractors in the Rail & Construction sectors, including Network Rail, London Underground, and Transport for London. The company expanded its operations in 2016 with a regional office in Doncaster, South Yorkshire, enabling it to provide local labor on a national scale.

The funding package from BFS was arranged through an introduction by Amanda De Courcy of ADC Financial. CRS chose BFS as its funding partner due to their understanding of the rail sector and ability to offer a suitable invoice finance facility to support new and existing contracts.

Mark Mason, CEO of CRS, expressed excitement about the partnership with BFS, stating, “As we enter this new control period for the UK rail sector, we are in a great position to continue our growth journey as a strategic labor supply partner to industry-leading rail contractors.”

Mike Reid, Corporate Sales Manager at BFS, commented on the partnership, highlighting their ability to structure working capital solutions for sectors with complex supply chains. Amanda De Courcy of ADC Financial also praised BFS as the perfect funding partner for CRS, citing their expertise and experience in complex sectors.

Overall, the collaboration between CRS and BFS is expected to support CRS’s national growth and future plans in the UK rail and construction industries. Download the full article for more details on this exciting development.