REG - Caledonian Holdings - Second tranche of funding advanced to Aspire

Caledonian HoldingsAnnouncement

30/01/2026 10:15

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RNS Number : 1122R  Caledonian Holdings PLC  30 January 2026

30 January 2026

Caledonian Holdings plc

("Caledonian" or the "Company")

 Second tranche of funding advanced to Aspire

Caledonian Holdings plc (AIM: CHP) is pleased to announce that it has advanced
the second tranche of £300,000 to Aspire Commerce Group Limited ("Aspire"),
in accordance with the funding arrangements and terms previously announced by
the Company on 26 November 2025, bringing the total amount of funding provided
to Aspire to £600,000.

The advancement of the second tranche of funding forms part of the Company's
ongoing strategic investment in Aspire, which is expected to become a core
operating business within the Group. The second tranche of funding has been
funded by the Company's existing cash resources.

Aspire has continued to build positive operational and commercial momentum
since the initial funding was provided in November 2025. Following a record
December for revenue, Aspire's supply chain finance pipeline has accelerated
ahead of plan and its distribution channels continue to develop. In addition,
a strategic partnership with a global liquidity partner is at an advanced
stage, while discussions are underway with a Singapore-based investment
platform. Aspire's platform is also being evaluated by a credit institution as
a potential replacement onboarding solution, which could represent an
additional future revenue stream.

The Board believes that continuing to meet agreed funding milestones as
announced demonstrates Caledonian's commitment as a long-term and supportive
partner and provides Aspire with the appropriate financial backing to execute
its business plan.

All other terms of the funding arrangements remain unchanged.

Completion of the proposed acquisition of Aspire by the Company on the terms
set out in the announcement of 26 November 2025 remains subject to:

-     receipt of regulatory change-of-control approval from the FCA; and

 

-     approval by Caledonian shareholders of an amendment to the Company's
investing policy to permit majority ownership of portfolio companies.

Adam Rigler, CEO of Aspire, commented:

"Progress over the past three months underlines the exciting potential for
Aspire, both domestically and internationally. Supply chain finance is
becoming increasingly important to UK businesses, as reflected in recent UK
Government initiatives. The continued digital transformation of supply chain
operations, including payment systems and foreign exchange management, has
positioned Aspire well to serve this growing market, particularly for UK
businesses trading internationally."

Keith Barclay, Investment Director of Caledonian Holdings plc, added:

"We are very pleased with the progress Aspire has made in a relatively short
period of time following our initial investment. The pace of operational
development and commercial engagement reinforces our confidence in the
strategy and the management team. Advancing this second tranche on schedule
reflects our commitment to supporting Aspire as it continues to execute
against its growth plan."

 

For further information, please contact:

 Caledonian Holdings plc                          Tel: +44 (0) 7950 389469

 Jim McColl, Executive Director

 Brent Fitzpatrick, Non-Executive Chairman

   Allenby Capital Limited (Nominated Adviser)    Tel: +44 (0) 20 3328 5656
   Nick Athanas / Piers Shimwell

 AlbR Capital Limited (Broker)                    Tel: +44 (0) 20 7469 0930

 

 

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