Financing
Chameleon Speciality Chemicals is funded largely by equity investment from it's
management team and from it's Chinese partner. Bank finance has been provided by
Bank of Communication in China and by Royal Bank of Scotland in the UK but gearing
has been kept intentionally low with the Group having a very conservative financial
structure in which bank borrowing amounts to less than 20% of total funding.
The financing arranged with Royal Bank of Scotland is backed by the UK Government’s
Enterprise Finance Guarantee scheme and provides Chameleon with flexible working capital
financing which covers all goods in transit to customers and outstanding customer debts.
This means that we only pay for the financing we need and it also means that the working
capital finance can grow with our business rather than being a barrier to our business’s growth.