Background
Zipex, the UK’s only domestic manufacturer of zips, has been producing high-quality fastening products for nearly 40 years. Recognised globally for its advanced production capabilities and dependable service, Zipex combines cutting-edge machinery with a highly skilled team, earning a reputation as a trusted name within international supply chains.
Despite operating from the same site for three decades, the business had never owned the building.
Following a management buyout, new owner Neil Cockerill was keen to secure the premises to future-proof operations and strengthen the company’s long-term foundations.
Challenges
- Replace an existing vendor loan with more sustainable commercial funding
- Navigate complex lending criteria within a tight timeframe
- Ensure the funding structure supported growth plans and reduced unnecessary costs
How we helped
- Copper Swan Director, Mark Jones, engaged with a range of lenders to secure the most competitive and tailored deal
- Atom bank stood out as the ideal partner offering a rate 0.5% lower than competitors, enhanced flexibility and a proactive, commercial approach to lending.
- By leveraging strong lender relationships and expertise in risk mitigation, Copper Swan convinced the lender that full flood insurance was unnecessary, saving the client over £17,000 annually without increasing the bank’s risk.
- Atom’s willingness to offer a higher loan-to-value and adopt a pragmatic underwriting approach resolved a complex aspect of the case without extra costs, potentially saving the client thousands more.
Outcomes
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Zipex now owns the premises it has occupied for 30 years -
£950k funding secured for premises purchase
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Secured a flexible lending solution tailored to growth plans
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Managed every aspect of the refinancing journey, allowing clients to feel informed, supported, and confident throughout
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Saved the client over £17,000 annually by challenging the need for full flood insurance, without increasing lender risk
