£40m senior facility for Revolve

Foresight Group has given Manchester-based Revolve a £40 million senior debt facility to expand lending to small and medium-sized businesses in the United Kingdom. (foresight.group) The deal was announced on April 15, 2026, and Foresight said the money will back Revolve’s stock and working-capital loans. Alternative Credit Investor reported Revolve wants to scale its loan book and double in size over the next three years. (foresight.group, alternativecreditinvestor.com) Revolve is the new name for Seneca Trade Partners, a Manchester lender that finances stock purchases and short-term working capital for smaller companies. Insider Media and Business Up North both reported the rebrand this week after the Foresight facility closed. (insidermedia.com, businessupnorth.co.uk) Working-capital finance is the money a business uses to pay suppliers before it gets paid by customers. Revolve’s product is tied to inventory, so it advances funds against stock that companies need on shelves or in warehouses to keep trading. (revolveloans.com, thebusinessdesk.com) The funding arrives after iO Finance Partners acquired the business in 2025, a change Revolve said strengthened its capital base and governance. On its website, Revolve said its loan book now exceeds £20 million. (businessupnorth.co.uk, revolveloans.com) For Foresight, the transaction adds to a specialist-lending strategy that the firm says now has more than £570 million of committed capital. Foresight says it provides senior and subordinated facilities to non-bank lenders across the United Kingdom and Ireland. (foresight.group, foresight.group) The wider market has still been producing new funding lines for selected non-bank lenders in 2026. In March, Pollen Street Capital completed a €100 million facility for Irish lender SME Finance and Leasing Solutions, and in February 2025 Reward Funding announced £360 million of new debt facilities as it targeted a £500 million loan book. (alternativecreditinvestor.com, alternativecreditinvestor.com) That leaves Revolve with a new name, a larger funding line and a public growth target. The test now is whether it can turn £40 million of fresh senior debt into a much bigger book of short-term loans to British small businesses. (alternativecreditinvestor.com, foresight.group)