London, 12 April 2012: GE Capital today announces that it will provide a £2.5m financing facility to Hertfordshire based jewellers Brown & Newirth® to support the company's future growth plans.
Established in 1967, Brown & Newirth® is a leading designer, manufacturer and supplier of hand-made wedding, engagement and eternity rings.
Following a management buyout in February 2012, the company has identified significant future growth potential. GE Capital will provide a finance package worth £2.5m which will be used to provide working capital that will allow the company to realise its growth plans.
John Savage, Regional Director, GE Capital UK, commented: "We are delighted to be working with Brown & Newirth® to support it in the next stage of its development. The working capital that we can provide will help the company achieve its true growth potential and reinforce its position as a leading British jewellery brand."
John Ball, Sales Director, Brown & Newirth, commented: "To support our growth plans, we needed a partner who understood the potential of our business. GE Capital took the time to understand that potential and worked with us to find a solution that met all of our needs.
Zoe Chambers
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