“With Arbuthnot Commercial ABL, I feel we have a partner, not just a bank. They are there whenever we need them and are very straightforward to work with.”

Growth and Expansion

Arbuthnot Commercial ABL has funded the Management Buy In (MBI) of Bury‐based Bornmore (Metals) Ltd (Bornmore Metals), a long-established non‐ferrous metals stockholder, for an undisclosed sum. The transaction sees incoming managing director and investor Ian Griffiths acquire 100% of the shareholding of the business and provides a platform for Griffiths to bolster regional presence and expand the product range.

Accelerating the Pace

Ian Griffiths, the new MD of Bornmore Metals, said: “My very first order in my first job was from Bornmore Metals, so I have known the business for a long time. I was approached by the vendor’s agents and saw an excellent opportunity to acquire the business. Our advisors recommended Arbuthnot Commercial ABL to both fund the MBI and to provide additional working capital in order to maintain the company’s growth and accelerate the pace. With Arbuthnot Commercial ABL, I feel we have a partner, not just a bank. They are there whenever we need them and are very straightforward to work with. We have ambitious plans to double our revenues in 3 to 5 years with their support and have an opportunity not only to lead but also to dominate our market.”

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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.