News - Midlands
Visual eyes a brighter future
Redditch’s Visual Foods has received a £4.75m working capital facility from GE Capital. The finance comprises a £3.5m invoice discounting facility and £1.25m inventory facility. It enables the management team to acquire the business from administration. Visual, which has two trading subsidiaries in Visual Foods and Dragon Delight Foodservice (formerly Vision Seafoods and Oriental Delight Foodservice), was part of the British Seafoods Group, which entered administration in February this year. The facilities GE Capital provided will enable Visual and its subsidiaries to continue trading under its new name, ensuring the future of the firm’s employees.