Arbuthnot Commercial ABL has delivered a flexible £8m receivables finance facility to support the refinancing of MAN Commercial Protection Ltd, a security services provider in the West Midlands.
Established in 1993, initially focused on high profile music and sporting events, the business has grown to become one of the top 20 security companies in the UK and is one of only a few businesses in the sector that is still privately owned. Now in its 26th year, MAN Commercial Protection provides a comprehensive range of corporate security services, man guarding and mobile security officers, key holding and alarm response, in addition to Public Space Surveillance (PSS) CCTV monitoring.
The refinancing from Arbuthnot Commercial ABL will fuel business growth, helping to build and strengthen the company’s global footprint in delivering security solutions to major corporates.
Iain McCallister, managing director, MAN Commercial Protection Ltd, said: “Arbuthnot Commercial ABL has a real appetite to understand our needs. I have known the team for almost 10 years and have complete trust in the team’s ability to deliver every time. In our business, we have to deliver on service 100 percent and it is very refreshing to receive the same commitment.
“Working with Arbuthnot Commercial ABL has given us the opportunity to focus on what we do best. The facility that they have structured based on our growing debtor book gives us the headroom we need to continue to win more work at a faster pace, without the distraction of further facility renegotiation. With Arbuthnot’s support, the future for MAN Commercial Protection is very exciting.”