UKSD secures growth funding facility from Arbuthnot Commercial ABL
Arbuthnot Commercial Asset Based Lending has structured and delivered a flexible working capital facility for UK Security Doors Ltd to enable the business to achieve its ambitions for future growth. Linked dynamically with the company’s sales, the confidential invoice discounting line will allow UKSD to grow profitably due to new contract wins and increased business with its existing clients.
From its base in the West Midlands, UKSD designs, manufacture and installs bespoke aluminium doors, windows and curtain walls serving a broad range of clients across the UK, including specifiers, architects, contractors, commercial and retail sectors, housing associations and local authorities.
UKSD’s products carry Secured by Design (SBD) and Certisecure accreditation, both of which are specified in major projects. SBD is the official police security initiative that works to improve the security of buildings and their immediate surroundings. The stringent STS 202 certification not only covers UKSD’s own designs but also its thermally broken profile, a significant selling point for new build developments that is unique to the business.
Commenting on the new facility, Joshua Wheal, Director, Corporate Development at UK Security Doors Ltd, said: “The facility structured by Arbuthnot Commercial ABL will free up substantial working capital to fuel geographical expansion and further investments in manufacturing capacity and product innovation. The team at Arbuthnot has been brilliant from start to finish. Their hands on approach ensured the smooth delivery of the facility, working closely with all parties to remove any roadblocks along the way. We look forward to strengthening UKSD’s reach as a nationwide installer and to driving future growth and innovation with Arbuthnot’s support.”
Andrew Rutherford, Commercial Director at Arbuthnot Commercial ABL, said: “While many of our transactions are acquisitions focused, it is equally rewarding to work on deals that enable businesses to achieve their ambitions through organic growth. This deal underlines the inherent strength and flexibility of a well-structured receivables finance facility in providing a continuous stream of working capital to support growth. We wish the management team at UKSD every success as they continue to expand their market presence.”