Arbuthnot Commercial Asset Based Lending provides facility to support AIM‑listed LPA Group plc’s growth

Arbuthnot Commercial Asset Based Lending (ACABL) has structured and delivered an £8.75m revolving credit facility to LPA Group plc (LPA Group), secured over property and receivables. The new funding replaces existing bank loan and overdraft arrangements and provides additional working capital to support the Group’s growth plans.

LPA Group plc (AIM: LPA) is an innovation-led engineering specialist in electronic and electro- mechanical components and systems. Focused on transport (rail and aviation), aerospace, defence, infrastructure, and industrial markets, LPA delivers solutions built for hostile and demanding environments. It is known for engineering products that improve reliability while reducing maintenance and life‑cycle costs. 

With over 160 years of UK design and manufacturing experience, dating back to the first electric light installed on Electric Avenue in Brixton, innovation is central to LPA and the products and services it supplies to customers worldwide.

Under new leadership, including a CEO and CFO both with PLC backgrounds, the Group is implementing a business transformation programme that consolidates the four divisions into a unified entity by streamlining processes and strengthening market positioning. This strategic realignment, which has included a complete rebrand, positions the business for future organic growth and acquisition opportunities.

Robert B Horvath, Chairman of LPA Group plc, commented:  

"We are pleased to have completed this refinancing which provides sufficient headroom for the Group to continue delivering on its growth plans over the coming years"

Stuart Stanyard, Chief Financial Officer of LPA Group plc, said:  

"The refinancing was a competitive process, and Arbuthnot put forward the strongest team by a long way and were the only participants to have an underwriter present during the process. The engagement was good; the team was interested and committed, and Arbuthnot quickly became the preferred choice, independent of financials. They approached the process wanting to do business. We had tight timelines to meet, and from an ability to execute it was a 10 out of 10. As we look to doubling the business in the medium term, having a lender who understands our ambitions and can support future growth, including potential acquisitions, was essential."

Kevin Craven, Commercial Director at Arbuthnot Commercial Asset Based Lending Limited, said  

"We are very pleased to support LPA Group. This facility gives LPA the working capital headroom to execute its consolidation strategy and pursue growth, whether organic or through acquisition. We worked closely with the team to deliver on tight timelines and got the facility in place efficiently."

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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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