Asset finance specialist Arkle Finance has completed the provision of a commercial loan facility to Caboose & Co, to support the ambitious growth plans of the specialist event accommodation provider.
Caboose & Co convert shipping containers into luxurious temporary accommodation designed for both event staff and attendees. They offer high-end en suite glamping for events, to enable event providers and right holders the opportunity to increase their profitability.
Caboose & Co managing director Tom Critchley explained: “This commercial loan facility, provided by Arkle Finance, marks an exciting and positive step forward for the business. As a young and ambitious events supplier, working with such a flexible and responsive asset finance company has meant that we can enter a progressive phase of product development, team growth and business expansion.
“We pride ourselves in delivering a high-end product that is redefining the industry definition of luxury temporary accommodation, with a service offering designed to assist event organisers improve facility standards and profitability. We are delighted that Arkle Finance are working with us to provide access to funds which means we can add a new Caboose style to our fleet.”
Brian Jerome, Arkle Finance associate director added: “We are delighted to see Caboose & Co achieve their first goal of reaching a 200-bedroom UK hire fleet and be able to help them continue to expand by providing debt.”
The ‘Cabooses’ have been deployed at The Ryder Cup, Royal International Air Tattoo, Cheltenham Festival, Glastonbury Festival and the Moto GP to name a few.