MST Group Secures £6m Funding from NatWest
Deal News | May 06, 2025 | Business Cloud
Marine Specialised Technology (MST Group), a notable designer and manufacturer of high-speed and rigid inflatable boats primarily for military, coast guard, and law enforcement sectors, has received a £6m funding package from NatWest. Based in Merseyside with around 135 employees, MST Group plans to leverage this capital to manage its working capital and meet the substantial demand for its products and services. The company is experiencing a surge in order volumes and is strategically expanding to address this increase. Ben Kerfoot, MST Group's managing director, expressed his gratitude towards NatWest's support, emphasizing the financial institution's thorough approach and understanding of the specialized industry. This milestone funding is set to enhance the MST Group's operational capabilities, enabling them to scale their operations effectively amid growing demands globally. NatWest's Daniel Hyland acknowledged the company's bespoke approach and its potential for growth, especially in serving vital defense and search-and-rescue entities internationally.
Sectors
- Marine Manufacturing
- Financial Services
Geography
- United Kingdom – MST Group is based in Merseyside, UK, and the funding package is provided by UK-based NatWest.
Industry
- Marine Manufacturing – The primary focus is on the design and manufacture of high-speed boats, particularly for military and law enforcement purposes.
- Financial Services – Involves the provision of funding and capital management services, as evidenced by NatWest's £6m financial package to MST Group.
Financials
- £6m – Funding package provided by NatWest to MST Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Marine Specialised Technology (MST Group) | Target | Company | A leading designer and manufacturer of high-speed and rigid inflatable boats for military and law enforcement sectors. |
| NatWest | Finance Provider | Company | A major UK bank providing a £6m funding package to MST Group to support its expansion and manage working capital. |
| Ben Kerfoot | Managing Director | Person | Group managing director of MST Group, expressing gratitude towards NatWest's support and funding. |
| Daniel Hyland | Relationship Manager | Person | NatWest relationship manager involved in arranging the £6m funding package for MST Group. |