Arbuthnot Commercial ABL provides £11.25m growth finance package for waste management group
£11.25 million growth finance package for McCarthy Marland Limited
Arbuthnot Commercial Asset Based Lending (ACABL) has completed an £11.25 million growth finance package for McCarthy Marland Limited (MML), an independent waste management and recycling business operating across Bristol, Gloucester, and Oxfordshire.
The facility combines a £3 million receivables finance line, a £5.25 million property loan, a £2 million Growth Guarantee Scheme loan, and a £1 million cashflow loan. The comprehensive funding package refinances MML’s existing facilities and creates the working capital headroom that the business needs to invest and grow.
Founded 25 years ago by the McCarthy and Marland families, MML operates licensed waste transfer stations in Bristol, Wantage and Tetbury and provides a broad range of waste and recycling services to commercial and construction clients. John Weeden of Cadence Advisory advised MML and introduced the opportunity to ACABL.
Alex Marland, Director of McCarthy Marland Limited, commented:
"The amortisation on our previous cashflow loan was too aggressive and effectively starved the business of cash. We had to pull the reins up on everything, and in a competitive, heavily regulated market, that holds the business back.
Arbuthnot restructured the facilities in a way that has given us our liquidity back. The team responded quickly throughout the process, senior people engaged directly, and they came to visit the sites. We wanted a lender we could communicate directly and openly with, and Arbuthnot has shown that is how they work".
John Weeden, Managing Partner at Cadence Advisory, added:
"Arbuthnot was positive from the very first meeting and the message never changed from the day they met management to the day we completed. They understood the dynamics of the business, were commercial throughout, and delivered exactly what they said they would from the outset".
Kevin Craven, Commercial Director at Arbuthnot Commercial Asset Based Lending Limited, said:
"Getting the funding structure right makes a real difference to what a business can achieve. This multifaceted asset-based lending package gives McCarthy Marland the financial flexibility it needs, and we look forward to supporting the management team as they realise the Group’s potential".
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