Nucleus Commercial Finance Secures £40 Million in New Funding from M&G Investments

Nucleus Commercial Finance and M&G Investments (M&G) today announce a £40 million funding line that will support more SMEs through asset-based lending (ABL) solutions. This finance will increase Nucleus’ capacity to support businesses by 40%, through competitively priced ABL solutions - providing a significant injection of finance for businesses across the UK.

To date, Nucleus Commercial Finance has funded invoices from over 5,000 UK businesses, providing total ABL funding of over £900 million. ABL enables businesses to raise finance through leveraging their assets including: unpaid invoices, WIP, property, plant & machinery and inventory.

The size of the average ABL facility provided by Nucleus Commercial Finance has doubled every year since the business started in 2007. This additional funding will escalate that growth during 2019 and beyond.

Nucleus Commercial Finance CEO, Chirag Shah, said: “Working with M&G Investments to secure another funding line, reinforces our role as a true alternative to high street banks. This funding means that we will be able to work with more businesses across all sectors and sizes and particularly larger businesses which we believe are currently underserved, due to the often complex nature of the finance that they require.

“This new facility also increases our flexibility by allowing us to offer more competitively priced funding to UK SMEs. Our tailored approach means that we work with SMEs to provide the financial backbone for their growth ambitions through our wide product range, but we also support them with the professional guidance they need to have the right finance in place for their business for the longer-term.”

James Pearce, Head of Direct Lending at M&G Investments comments, “This partnership sees our pension fund clients direct much needed capital to SMEs, providing them with access to finance that will help them invest and grow.”

Kevin Haupert, Director, Asset Based Lending at M&G Investments adds: “ABL has been growing in popularity amongst both borrowers and advisers in recent years as business loans from traditional sources have become more difficult to obtain following the financial crisis. Unlocking the value of assets that can be used as collateral by lenders provides a highly flexible form of financing and enables companies to improve their liquidity. Nucleus Commercial Finance has over a decade of experience in ABL and have an excellent track record as well as a deep understanding of businesses and their financing needs.”

Today’s news follows the announcement that Nucleus Commercial Finance has now lent over £1 billion to UK SMEs - demonstrating its commitment to providing businesses with access to bespoke, multi-product lending solutions.

Since 2008, it has become more difficult for smaller UK companies to raise financing through the traditional route of commercial bank loans. Non-bank lenders such as Nucleus Commercial Finance and M&G have been providing an increasing amount of finance to meet SMEs external funding requirements, plugging the gap created by banks’ withdrawal.

For more information please visit: https://nucleuscommercialfinance.com/

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If you require any further information, please contact

Gregor Riemann

Vested

0 203 890 8118

greg@fullyvested.com

Jasper Stanley

Vested

0 203 890 8124

jasper@fullyvested.com

Notes to Editors

OpenAbout Nucleus Commercial Finance

Nucleus Commercial Finance is a true bank alternative, offering a range of business finance products. It marries a solutions-based approach with investment in technology to structure finance deals that fit each individual business. Nucleus Commercial Finance combines the flexibility of an alternative lender with the stability and product range of bank finance, spanning secured and unsecured loans, business cash advance and a range of asset-based lending products.

OpenAbout M&G Prudential and M&G Investments

M&G Investments is part of M&G Prudential, a savings and investment business which was formed in August 2017 by our parent company, Prudential plc and has £351 billion of assets under management. M&G Prudential has over 7 million customers in the UK, Europe and Asia, including individual savers and investors, life insurance policy holders and pension scheme members.
M&G Prudential is set to demerge from Prudential Plc to become an independent company listed on the London Stock Exchange.

For nearly nine decades M&G Investments has been helping its customers to prosper by putting investments to work, which in turn creates jobs, homes and vital infrastructure in the real economy. Its investment solutions span equities, fixed income, multi asset, cash, private debt, infrastructure and real estate. M&G recognises the importance of responsible investing and is a signatory to the United Nations Principles for Responsible Investment (UNPRI) and is a member of the Climate Bonds Initiative Partners Programme.

Its £30 billion property arm, M&G Real Estate, is a leading financial solutions provider for global real estate investors, has a sector leading approach to responsible property management and is committed to continuously improving the sustainability performance of its funds.

For more information, please visit: http://www.prudential.co.uk/businesses/mandg-prudential

This press release reflects the authors’ present opinions reflecting current market conditions; are subject to change without notice; and involve a number of assumptions which may not prove valid. It has been written for informational purposes only and should not be considered as investment advice or as a recommendation of any particular security, strategy or investment product. Past performance is not a guide to future performance.

The services and products provided by M&G Investment Management Limited are available only to investors who come within the category of the Professional Client as defined in the Financial Conduct Authority’s Handbook. They are not available to individual investors, who should not rely on this communication. Information given in this document has been obtained from, or based upon, sources believed by us to be reliable and accurate although M&G does not accept liability for the accuracy of the contents.

M&G Real Estate is a business name of M&G Investment Management Limited and is used by other companies within the Prudential Group. M&G Investment Management Limited is registered in England and Wales under number 936683 with its registered office at Laurence Pountney Hill, London EC4R OHH. M&G Investment Management Limited is authorised and regulated by the Financial Conduct Authority. M&G Real Estate Limited is registered in England and Wales under number 3852763 with its registered office at Laurence Pountney Hill, London EC4R 0HH.

OpenNotice to Investors in the European Economic Area

In relation to each member state of the EEA (each a “Member State”) which has implemented Alternative Investment Fund Managers Directive (Directive (2011/61/EU)) (the “AIFMD”) (and for which transitional arrangements are not/ no longer available), this document may only be distributed and units may only be offered or placed in a Member State to the extent that: (1) the Fund is permitted to be marketed to professional investors in the relevant Member State in accordance with AIFMD (as implemented into the local law/regulation of the relevant Member State); or (2) this document may otherwise be lawfully distributed and the units may otherwise be lawfully offered or placed in that Member State (including at the initiative of the investor).

In relation to each Member State of the EEA which, at the date of this document, has not implemented AIFMD, this document may only be distributed and units may only be offered or placed to the extent that this document may be lawfully distributed and the units may lawfully be offered or placed in that Member State (including at the initiative of the investor).

You are about to enter the website of M&G Investments, a direct subsidiary of M&G plc.
Click here to proceed.

M&G plcの直接子会社であるM&G Investments（M&Gインベストメント）のウェブサイトにアクセスするには、
こちらをクリックしてください。

If you are looking for the affiliates of Prudential Financial, Inc., whose principal place of business is in the United States of America, click here to proceed.

アメリカ合衆国を主たる事業領域とするPrudential Financial, Inc.（プルデンシャル・ファイナンシャルInc.）の関連会社をお探しの場合は、こちらをクリックしてください。

If you are looking for the affiliates of Prudential plc, an international group incorporated in England and Wales, click here to proceed.

イングランド及びウェールズで設立された国際グループ企業であるPrudential plc（プルデンシャル・ピーエルシー）の関連会社をお探しの場合は、こちらをクリックしてください。

M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

M&G plc は、イングランド及びウェールズで設立・登録。本社登録地は10 Fenchurch Avenue, London EC3M 5AG。登録番号11444019。M&G plcは持ち株会社で、その子会社の一部はPRA（健全性監督機構）及びFCA（金融行為規制機構）に認可され、それらの規制対象となっています。

M&G plc は、イングランドを登録地、及び主たる事業領域とする会社で、その関連会社は有数の貯蓄・投資機関として基盤を確立しています。M&G plcは、Prudential Assurance Company Limited（プルデンシャル・アシュアランス・カンパニー・リミテッド）の直接親会社です。なお、Prudential Assurance Company Limitedは、アメリカ合衆国を主たる事業領域とするPrudential Financial, Inc.（プルデンシャル・ファイナンシャルInc.）またはイングランド及びウェールズで設立された国際グループ企業であるPrudential plc（プルデンシャル・ピーエルシー）とは一切関係がありません。