Securing a future in Fife - Gillespie Engineering Family-owned James C Gillespie Engineering of Kirkcaldy, Fife had a history of providing high-quality precision engineering services to a wide range of customers across the UK. When the Gillespie family decided to sell the business on, a new management team came forward with plans not only to maintain, but to enhance the company’s services through their employees, customers and supply chain. However, new investors Bill Taylor and Bob Waterson wouldneed a cash injection in order raise sufficient funds to acquire the new business, and make a start on their plans for its development and growth. This is where Close Brothers was able to help, with an innovative asset-based lending (ABL) facility. The challenge The new management team required f

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