Project Summary: Fargro

We are delighted to have provided debt advisory support to the management of Fargro with their refinancing to Cynergy Business Finance.

Founded in 1946, Fargro is the leading UK distributor in horticultural products and solutions. The company positions itself as a trusted partner for growers, combining decades of experience with modern innovation and sustainability

The transaction involved the refinance of working capital and term loan facilities alongside loan notes and equity from Ashridge Capital. Critical success factors to the transaction included preparation of a well thought through business plan and financial model, working closely with Emma Birkbeck, the Managing Director and Rob Bartley the new Finance Director. Particular focus centred on debt structure and covenants that supported the growth plans of the business. Delivering the numbers during the distraction of a refinance was also key and it was a pleasure to work with David Sherratt from Ashridge and the wider Fargro team. Paul Fraser at Cynergy was also very commercial and efficient facilitating a smooth transfer to the new funder.

Funding Need: Refinance

Facility: Working Capital and Term Loan Facilities

Sector: Horticulture

Value: £11m

Date: October 2025

David Sherratt, CEO, Ashridge Capital commented “Fargro is delighted to have secured new funding via Cynergy Bank who were pragmatic and commercial throughout the refinance. The support of Funding Compass was key to a smooth transaction with timely and experienced insight into the market and what could be delivered.”