Coryton Advanced Fuels
Catalyst advised Lyceum Capital on its investment in Coryton Advanced Fuels (Coryton). Coryton is a market-leading fuel blending and consultancy services business. Based on the Thames estuary in Essex, Coryton develops high performance fuels for the aviation and motorsport industries, as well as bespoke and standardised fuels for the automotive sector, where its products are used to support research and development activities and the testing and certification of engines, lubricants and fuel additives. The facility is one of the most advanced of its kind globally.
The business was founded five years ago following the acquisition of the Coryton specialist fuels blending facility from BP plc by co-founders Craig Goodfellow and Diane Lance with support and financial backing from Oakfield. Since then, it has expanded its products and consultancy services, and built a portfolio of global customers including Ford, Airbus, Bentley and Jaguar Land Rover, reaching sales of £12 million in its last financial year.
What difference did we make?
We prepared a detailed business plan with a particular focus on Coryton's strategy and market positioning. As part of this we worked with management to build a new financial forecast and flexible model. This exercise was fundamental to creating a business plan suitable for a financial and commercial diligence exercise. We also supported Lyceum on legal matters and a detailed funds flow preparation exercise.
MD, Coryton Advanced Fuels