Arbuthnot Commercial Asset Based Lending supports MBO of leading commercial flooring specialist

Arbuthnot Commercial Asset Based Lending (ACABL) has completed a comprehensive £2.9 million funding package to support the management buyout of Kirkton Flooring Limited, a commercial flooring contractor headquartered in Scotland.

The bespoke facility comprises a £1.5 million Confidential Invoice Discounting line, an £800,000 Growth Guarantee Scheme loan, and a £600,000 cash flow loan facility. This funding structure enabled existing shareholders Ryan and Steven McMeechan to acquire the remaining shareholding from two retiring founders while providing substantial headroom for the company’s growth plans.

Established in 1998 and incorporated in 2002, Kirkton Flooring specialises in the supply and installation of commercial flooring across both private and public sectors. The company serves a diverse client base spanning healthcare, education, and commercial projects, with framework partnerships including NHS Fife, NHS Lothian, and major contractors such as Amey and Galliford.

Ryan McMeechan, Managing Director of Kirkton Flooring Limited, said:  

"I started at Kirkton as a 15-year-old apprentice and it was always a dream to get ourselves into this position. When we first met the team at Arbuthnot, we just clicked with them straightaway. The relationship was great from the outset, whether it was our account manager or at a more senior level. They walked us through every process at every step, and nothing seemed to be too much trouble.

We’ve never acquired any businesses, and we’ve always been cash generative and self-financed. But Arbuthnot made the process easy. The facility not only secures the financial future of the business but also gives us the opportunity to grow whenever and wherever we need to. Personally, it’s taken us to another level in our development too. It’s exciting to be in the position that we had always worked towards.”
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Andrew Rutherford, Commercial Director at Arbuthnot Commercial ABL, said:

"We’re delighted to support Ryan and Steven in realising their ambition to own the business they’ve dedicated their careers to building. The multi-faceted nature of this funding package provides the headroom they needed not just to complete the buyout, but to drive the business forward. Getting this deal delivered meant understanding what success looks like for the team and structuring a solution that makes it achievable. We look forward to supporting them as they write the next exciting chapter for Kirkton.”

Related pages

Government Growth Scheme  •  Success stories  • Scheme features

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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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