Security services provider secures £8m
Published on Monday, 19 August 2019
A high-end security services provider based in Shirley has secured a £8m funding boost.
MAN Commercial Protection has been given a flexible receivables finance facility by Arbuthnot Commercial ABL.
Established in 1993, initially focused on high profile music and sporting events, the business is one of only a few companies in the sector that is still privately owned.
The business, which operates from its 5,000 sq ft control centre, has said the refinancing will fuel growth, helping to build and strengthen the company’s global footprint.
Managing director Iain McCallister said: "Arbuthnot Commercial ABL has a real appetite to understand our needs.
"I have known the team for almost ten 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."