Arbuthnot Commercial ABL total facilities deployed hits £300m milestone

Arbuthnot Commercial ABL, the asset-based lending division of Arbuthnot Latham, the private and commercial bank, has reached £300m of facilities deployed within three years of its launch. The figure represents total facilities deployed for 66 mid-size SME clients since the business launched in May 2018.

Published

8th June 2021

Category

Tim Hawkins

In the last 12 months, Arbuthnot Commercial ABL has completed a total of £138m of transactions. These transactions ranged from acquisitions to management buy-ins, management buyouts, and corporate carve-outs for businesses, most notably in the British manufacturing & engineering industry and its supply-chains.

55% of the asset-based lender’s transactions were private equity sponsored, and many of these deals benefit from structured facilities, comprised of both ABL and cash flow loans. In these hybrid debt structures, the cashflow loan contributes towards the initial transaction consideration, while the revolving ABL facility supports the increased working capital requirement associated with post-transaction growth

There was also a substantial increase in the refinancing of traditional clearing bank facilities, as business owners sought a higher level of headroom, flexibility, and support.

Having more than tripled its team, going from seven at launch to a team of 23 today, Arbuthnot Commercial ABL continues to see significant business growth. The asset-based lender supported its clients through the pandemic with optimal levels of funding, enabling them to achieve economies of scale, increased capacity, and productivity as they now enter the emergence phase.

The business is one of a few lenders accredited by the British Business Bank to provide the new Recovery Loan Scheme (RLS) to provide UK businesses with ongoing access to finance as they recover from the economic impact of the COVID-19 pandemic.

Tim Hawkins, Managing Director of Arbuthnot Commercial ABL, said:

"Reaching this milestone in just three years and achieving our growth plans during a pandemic is a real testament to our brilliant and highly experienced team. They have an acute understanding of the needs of mid-tier businesses and how to provide the level of funding and speed of delivery that event-driven transactions demand. We would particularly like to thank and recognise the key business introducers with whom we work in partnership to provide the funding certainty that their clients need to achieve strong and sustained growth.”

You can view how Arbuthnot Commercial ABL supported clients over the last several months by clicking here.

If you want to find out more about how we can help you achieve your business goals using the financing we provide, please do get in touch with one of our local representatives.

Your regional contacts

James Marler

Director, Business Development
(London & South East)

07741 148364
JamesMarler@arbuthnot.co.uk

 

Keith Rose

Director, Business Development
(Midlands and South West)

07973 912611
KeithRose@arbuthnot.co.uk

 

Josh Thorneycroft

Director, Business Development
(Thames Valley & London)

07423 655 297
JoshThorneycroft@arbuthnot.co.uk

Joe Taviner

Director, Business Development
(North West)

07341 479 334
JoeTaviner@arbuthnot.co.uk

 

Richard Ackers

Director, Business Development
(North East)

07741 162590
RichardAckers@arbuthnot.co.uk


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.

 

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