Q19 Group completes refinancing to support future growth of the group

Gloucester based Q19 Group has completed a successful refinance with HSBC.  The refinance provides additional working capital facilities to support future growth of the group.  The Q19 Group, comprises dynamic businesses that are changing the perception of the UK fenestration market. The group includes market leading brands: Window Widgets, Residence Collection and Profoil, with manufacturing facilities in Gloucester and Kettering.

 Window Widgets manufactures ancillary products for residential window systems as well as its own niche, design focused window and door systems.  Profoil laminates PVC-U and aluminium extrusions both for the windows and doors sector as well as the wider residential and commercial building products sector. The Q19 group, which currently employs over 100 staff, has grown revenue from £14m to £24m since the management buy out (MBO) of Window Widgets in December 2019.  The MBO was originally funded with a debt facility from Shawbrook Bank who have provided excellent support to the business over the last five years. 

 The Cattaneo team of Richard Newman and Charles Cattaneo led the refinance process for Q19 with legal advice from Richard Underwood at Legal Clarity.  The HSBC team, led by Sam Owen and Lisa Lucas, received legal advice from Natalie Barnes at Shoosmiths.

 Sarah Hitchings, Sales and Marketing Director of Q19 Group, said: “We now have a funding package that will allow us to move the business forward and support the launch of new products in 2025.  I’d like to thank Shawbrook for their support over the last five years. It was reassuring to know that the Cattaneo team, with their deep understanding of the group since the MBO, not only had the market knowledge and technical expertise required to introduce appropriate lenders and help structure the right financial package, but also provided the attention to detail we were looking for.  Their tenacity to drive the process through efficiently was invaluable.”

 Richard Newman of Cattaneo said: “We ran a competitive process to seek the most appropriate funder for the next stage in the group’s development.  We saw a number of funders providing terms, with HSBC proving to be the most appropriate partner to support the next phase of growth.  We are delighted to have advised Q19 on a successful refinancing that will allow it to further capitalise on its enviable position in the UK fenestration and building products market place.”

 Sam Owen of HSBC said: “We are pleased to be able to support the team with the next stage of their ambitious growth plans with a new debt finance facility.  We were able to move quickly when the refinance opportunity arose helped by the fact we have banked Window Widgets for a number of years.  We look forward to working with them during the next stage of their development.”