Arbuthnot Commercial ABL seals £4m growth finance package for specialist finishing services group
Arbuthnot Commercial Asset Based Lending delivered a funding package for S&D Sealants Limited and Solseal Limited.
Arbuthnot Commercial Asset Based Lending (ACABL) has delivered a £4m growth finance package for S&D Sealants Limited and Solseal Limited. The funding will support the continued expansion of one of the UK’s leading specialist finishing services groups.
The bespoke facility combines a £3.25m Confidential Invoice Discounting facility with a £750,000 Growth Guarantee Scheme loan. The transaction refinanced the group’s previous facility and provides enhanced capacity for future expansion.
S&D Sealants is a leading provider of finishing services to the construction, marine and insurance sectors. The business employs over 200 people across 9 offices in the UK and Europe. Sister company, Solseal, is the UK’s largest distributor of sealants, adhesives, and mortars.
The group, based near Newport in Wales, is owned by Nick Jones, who took over from his father, who founded the business over 50 years ago.
Nick Jones, Managing Director of S&D Sealants Limited, said:
"We have exciting growth plans and the team at Arbuthnot Commercial ABL has supported us with facilities that will enable us to expand rapidly. It’s been a smooth process, probably the easiest I’ve experienced from top to bottom. I knew some of the team previously, and genuinely felt I was working with friends straight away. They have a solutions-based ‘can do’ approach, and understood our business model immediately, making the export funding aspects of the facility work for us. We can now crank up our plans with the stepping stones in place and the confidence to expand further.”
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Registered in England and Wales no. 10915339. Arbuthnot Commercial Asset Based Lending Limited’s registered office is Arbuthnot House, 20 Finsbury Circus, London, EC2M 7EA. Arbuthnot Commercial Asset Based Lending is not authorised and regulated by the Financial Conduct Authority.
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