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2nd July 2018

NPIF-Mercia Debt Finance funding for Aztec Oils

A Derbyshire industrial lubricants specialist has secured a £250,000 loan to support its growth from NPIF-Mercia Debt Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund.

Aztec Oils will use the money to fund the first stage of its three-year £1.2m expansion project which will increase storage capacity and turnaround times at its flagship Bolsover site. The company, which manufactures and distributes high-performance lubricants to a wide range of industrial sectors, is targeting 20% growth in the current financial year, having increased turnover by 18% last year.

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