TKS granted £1 million loan 


Toye Kenning & Spencer secure £1M funding

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The Midlands Engine Investment Fund Debt Finance, managed by Maven Capital Partners, has provided Toye Kenning & Spencer Limited, the oldest continuously operating company in Birmingham, with a £1 million loan to invest in equipment, improve facilities and support growth of the business.

Established in 1685, Toye manufactures a range of medals, regalia, bespoke jewellery, badges, including coloured ribbons, braids and laces, used in the production of ceremonial uniforms and gowns. The firm has held a Royal Warrant to the British Royal Family without interruption since the reign of Queen Victoria to the current monarch Queen Elizabeth the II.

Toye operates from two Midlands’ factories; one in Birmingham and the other in Bedworth. The firm’s Birmingham factory is home to its metal manufacturing facility, while the Bedworth factory is used for textile production.

The company’s customers range from the UK’s Ministry of Defence to international fashion houses, sporting organisations and local schools. Toye is a family-run company, led by CEO, Charles Toye, who succeeded his father in 2019.

Charles Toye, CEO of Toye Kenning & Spencer said “While a historic business, we are set to take on several new initiatives over the coming year. We are looking forward to the new opportunities the funding will provide.”

Andy Povey, Investment Manager at Maven said: “We are delighted to lend to Toye, a long-established Birmingham business with a rich heritage. The business has very clearly defined its niche and is a market leader, boasting a Royal Warrant. The company has ambitious plans for the future and we look forward to seeing these unfold.”

The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.


Rebecca van Rooijen


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