Arbuthnot Commercial Asset Based Lending (“ABL”) has supported a management buyout (MBO) of Britdoors and JCK, two door manufacturing businesses within the System Building Products Group.
The £3.75m asset based lending facility comprised a revolving invoice discounting line, a plant & machinery loan and a cashflow loan.
The MBO will form a new company, Unity Group Ltd, comprising of Unity Doors and the existing JCK brand.
Unity Doors manufactures residential composite entrance doors, while JCK specialises in handcrafted and bespoke timber doors for both retail and high-end specification markets.
The highly experienced MBO team was led by Graham Hughes, MD and Operations Director, who has been with the business seven years and has 30 years’ experience with blue-chip manufacturing businesses.
Graham Hughes, MD and Operations Director, comments: “Right from the start Arbuthnot Commercial ABL demonstrated clear experience in working with manufacturing businesses. We gained a lot of comfort from the fact that they were interested in our processes and in us as a management team.
“They are very enthusiastic supporters of our business and share our down to earth, straightforward approach; it is the ideal match. Their systems are modern and efficient, enabling us to view our availability on a day-by-day basis, while allowing for instantaneous reconciliation.”