Following a management buyout in February, the company identified a “significant future growth potential.” GE Capital will provide a finance package worth £2.5 million, which will be used to provide working capital to allow the company to realise its growth plans.
John Savage, regional director of GE Capital UK, commented: “We are delighted to be working with Brown & Newirth to support it in the next stage of its development. The working capital that we can provide will help the company achieve its true growth potential and reinforce its position as a leading British jewellery brand.”
John Ball, sales director at Brown & Newirth, added: “To support our growth plans, we needed a partner who understood the potential of our business. GE Capital took the time to understand that potential and worked with us to find a solution that met all of our needs.”
Established in 1967, Brown & Newirth is a designer, manufacturer and supplier of hand-made wedding, engagement and eternity rings.