Specialist Mid-Sized Business Funder Completes Latest Transaction

The Banking & Finance team at Irwin Mitchell has advised ThinCats on a funding deal which is designed to support further growth at an East Midlands based concrete and ground remediation business.

Established in 2013 and employee-owned since 2021, Derby-based Restek uses Ground Penetrating Radar (GPR) technology and software to deliver precise remediation solutions nationwide.

The funding from ThinCats will help with Restek’s growth trajectory in serving clients like Network Rail, Highways England and Coal Authority.

Paddy Sturman from Irwin Mitchell’s Banking & Finance team advised ThinCats.

Expert Opinion

“ThinCats has a strong track record for providing funding which supports the growth ambitions of mid-sized businesses across the UK. We are delighted to partner with them again on this latest transaction and wish Restek a successful future.” Paddy Sturman, Banking partner at Irwin Mitchell

Ben Kimball, director of business development at ThinCats, said: “It’s been fantastic working with Tim and the expert team at Restek whose industry experience and vast portfolio of remedial services sets them apart in the market. Delighted to be supporting an innovative, employee-owned business and we look forward to seeing them go from strength to strength.”

Tim Knight, CEO of Restek, said: “We pride ourselves on delivering real value for our clients on each and every project we undertake. Therefore, it was important to work with a funding partner who understands our values and vision for the future. Ben and the team at ThinCats took the time to get to know our business and provided a funding package that will support our future growth.”