Fuel Parts UK, a leading manufacturer and supplier of fuel and emissions components based in Bromsgrove, was established over 20 years ago by out-going owner Paul Tomlinson. Its principle lines of business involve distributing engine management electrical parts for sophisticated vehicle engines and providing catalytic converters.

The financing provided by Business Finance comprised a confidential invoice discounting facility and a revolving line against stock, which gave Fuel Parts the flexible funding it required. The deal will release working capital and enable the new management, led by Andrew West, to expand and grow the company. 

Andrew West, the Managing Director at Fuel Parts UK Ltd commented:” We have a clear vision for the future of the business.  As one of the leading providers of automotive parts, there is considerable business potential to continue expanding – particularly with developments in fuel injection engines - and we hope to build on this opportunity. We chose GE ahead of other finance providers because of their proven track record of funding MBOs which ensured our transition went smoothly both during and post-MBO. Their professionalism and approach was head and shoulders above the others.”

Guy Walsh, Regional Director, GE Commercial Finance, Business Finance, commented: “Fuel Parts UK Ltd is an established company with great leadership from Andy West and a highly technical and qualified workforce. We are delighted to have provided the funding for this transaction and look forward to seeing the business grow in the future.”