Arbuthnot Commercial ABL supports growth plan for decontamination and hygiene chemical production company

Arbuthnot Commercial ABL has delivered a comprehensive funding package for a growth investment deal, supporting Alinea and strategic investor Richard Hale’s investment into Serchem, a decontamination and hygiene chemical producer.

Surgeon's gloves

The flexible asset-based lending package comprised a revolving receivables facility to fund ongoing working capital to support future growth, together with property and cash flow term loans to generate additional headroom.

Established in 1981, Serchem produces decontamination and hygiene chemicals for the healthcare and facilities management industries in the UK and internationally.

Arbuthnot Commercial ABL will work closely with management and the investor team as they support Serchem through its next phase of growth. The current shareholders, Alison Arnold, Commercial Director, and Andrew Arnold, Technical Director, remain involved and committed to the long-term growth of the company. Richard Hale, the former CEO of Deritend Industries Limited, joins the business as an integral part of the investment team.

Commenting on the transaction, Alison Arnold, Commercial Director & Shareholder at Serchem Limited, said:

“The team at Arbuthnot Commercial ABL understood what we were looking to achieve and structured a deal that would help us realise our goals as quickly as possible. The transaction with Arbuthnot puts us in an excellent position to drive further growth, working alongside a carefully selected group of experienced investors and further strengthening our customer relationships and position in the market. We look forward to working with both our investors and Arbuthnot as we embark on this next phase of growth."

Oliver Wadlow, Director at Alinea, commented:

“We wanted to work with a collaborative funder that we know could deliver and therefore selected Arbuthnot Commercial ABL because of the track record of certainty they bring to transactions. They took a holistic view of the business and were very proactive and pragmatic to work with. We are excited to see the investor team and current shareholders work together, enabling them to build on the strong platform they have developed and capitalise on their immediate project opportunities."

Andrew Rutherford, Commercial Director at Arbuthnot Commercial ABL, said:

“We were delighted to support this well-funded deal, led by investors we know well. Serchem has a leading role in developing and manufacturing hygiene and decontamination products for the NHS, and we are excited at this opportunity to structure a flexible funding package that will help them drive further growth and success. This investment provides the best of both worlds; the opportunity for the existing directors to realise some value and the additional support of committed and knowledgeable investors to maximise opportunities for further growth and development.”

Make an enquiry

Take control of your finances today by completing our enquiry form. Alternatively, you can get in touch by contacting one of our regional Business Development Directors.

Enquiry Form

This is required

I am a...

This is required

This is required

This is required

This is required

Our clients value a highly personal relationship banking service. Commercial customers are usually running businesses with a turnover of greater than £1m per annum.

This is required

This is required

This is required

This is required

This is required

This is required

This is required

This is required

This is required

This is required

This is required

View our Privacy Notice

CAPTCHA

Gatwick Office: The Beehive, City Place, Gatwick, RH6 0PA

Registered in England and Wales no. 10915339. Arbuthnot Commercial Asset Based Lending Limited’s registered office is Arbuthnot House, 7 Wilson Street, London, EC2M 2SN. Arbuthnot Commercial Asset Based Lending is not authorised and regulated by the Financial Conduct Authority.

 

News and updates

Follow us on social media for news, insights and updates on our product offerings on LinkedIn and Twitter

Subscribe to our emails

Would you like to receive the latest news from Arbuthnot Commercial Asset Based Lending Limited directly to your email inbox?

Subscriptions