MET Parking Services has been supported with a funding package by leading alternative lender to mid-sized UK SMEs, ThinCats, through the Coronavirus Business Interruption Loan (CBIL) scheme.

Established in 2005, MET providies a comprehensive range of tailored parking management and enforcement services to more than 500 private land sites throughout the UK, using leading technology solutions.

David Marks, CEO of MET worked alongside his corporate finance advisors Andrew Thomson and Ricky Collis of HMT LLP to raise development capital to deliver on a transformational pipeline of new sites, expanding on the traction built up by MET over recent years, and enable the business to progress acquisition targets.

‘It was great working with ThinCats and HMT, they both took the time to get to know our business, the team behind it, and the plans that we have for growth and development over the coming years,’ Marks said. ‘It is an exciting time for MET and we are looking forward to utilising the funding to continue to deliver on our roadmap for growth and partnering with our client base on a greater scale.’

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