Maxflow secures finance for expansion from Ulster Bank and UKEF [Video]

Maxflow Power Products, a Northern Irish manufacturer of industrial pressure washers, has secured a finance package from Ulster Bank guaranteed by UK Export Finance (UKEF) to expand its operations and enter new export markets.

Maxflow completed a multi-million pound management buy out (MBO) last May with the support of the bank and the UK government’s export credit agency, which the company said had facilitated better management of cashflow-related challenges associated with scaling operations and meeting customer demand.

The firm is now able to maintain high stock levels to ensure availability and improve its reputation as a reliable supplier and create new revenue stream from exports.

Ryan Wylie, managing director of Maxflow, commented: “Expanding into new geographical markets is a transformative step for Maxflow, and the support from Ulster Bank and UK Export Finance has been crucial in helping us seize this opportunity.

“The ability to manage cash flow effectively while maintaining high stock levels has …