Arbuthnot Commercial ABL backs leading UK battery‑storage manufacturer with new facility
Arbuthnot Commercial Asset Based Lending delivered a funding package for PR Powersaving Solutions.
Arbuthnot Commercial Asset Based Lending (ACABL) has delivered a comprehensive asset-based lending facility for PR Powersaving Solutions Ltd (PSS) as the company strengthens its UK leadership as a provider of high-performance Battery Storage Units (BSUs).
Headquartered in Meden Vale, Nottinghamshire, PSS markets its range of BSUs under the ‘Hussh Pods’ brand. The lithium-ion battery units are available for sale through major rental companies and directly to customers. They can also be hired via direct hire and cross-hire models. PSS now has a fleet of over 700 units across sectors such as healthcare, data centres, EV charging, construction, TV and film, telecommunications, and utilities.
All of PSS’ Hussh Pods are built at its Meden Vale headquarters. With a strong focus on sustainability, PSS champions renewable energy integration, delivering its customers with significant opportunities to lower carbon emissions and align with Government targets for carbon-free power generation.
The new asset-based lending facility is a first for the business and delivers substantial headroom for the company’s rapid expansion of its fleet, as well as fuelling further product development.
Steve Parsons, CFO, PR Powersaving Solutions Ltd, said:
"With support from our advisers, FRP CF, we shortlisted five providers and met with three. Arbuthnot stood out for several reasons: from the outset we met senior team members who took the time to understand our needs, listened closely to our requirements, and offered a well‑thought‑out solution that gives us the flexibility we need. It was clear the team approaches relationships as genuine partners, and we’re excited about what we can achieve with Arbuthnot by our side.”
Kevin Craven, Commercial Director, Arbuthnot Commercial Asset Based Lending Limited, said:
"PSS is a true British success story, with a first-class track record and amazing potential for the future. For their first asset-based lending facility, we’ve taken the same considered approach we bring to all our structures, tailoring it precisely to the needs of the business and supporting its ambitions. We are delighted to have PSS on board.”
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