Time Finance facilitates Management-Buy-In with £900k ABL Facility
Time Finance is pleased to announce the successful completion of a £900,000 Asset Based Lending (ABL) facility. This facility facilitated the management-buy-in (MBI) of established wastewater services provider Active Pump Services Limited. The bespoke management buy-in funding solution highlights Time Finance's ability to structure flexible deals. These deals support both acquisitions and growth strategies for businesses looking to transition ownership.
The multi-product facility secures by commercial property, receivables and moveable assets. It highlights Time Finance’s expertise in creating tailored financial solutions. These solutions support business growth plans and acquisitions, ensuring businesses can transition smoothly and thrive. The tailored facility includes property-backed loans, invoice finance and asset finance. It clearly demonstrates how management buy-in funding can facilitate smooth ownership transitions. This approach helps ensure the continued success of the business.
Ensuring business continuity through a smooth ownership transition
After 25 years of trading, the founding shareholders of the West Sussex business sought retirement. They found a capable buyer to ensure continuity and operational success. The buyer then brought in Time Finance through the buy-side advisory firm, Grow Funding.
Through its agile and collaborative approach, Time Finance worked closely with the buyer’s trusted accountant, THL Accountancy. This collaboration enabled the completion of due diligence, underwriting, valuations, and legal processes. All of this was achieved within the buyer’s timescales, despite the complexities of the transaction.
The funding package, which comprised a £210,000 property-backed loan, £450,000 invoice finance facility and £220,000 asset finance agreement, enabled access to essential working capital necessary to facilitate the MBI.
Justin Nel, Business Development Manager at Time Finance, commented: “The success of this transaction is a fantastic achievement for our team and positions Time Finance as a competitive force in structuring flexible ABL facilities in the sub £2.5million space.
“Combining our three core product offerings enabled our client to generate the funds required for the day one consideration and provide much needed headroom moving forwards.”
Time Finance currently supports more than 11,000 SMEs with a diverse range of financial solutions, including Invoice Finance, Asset Finance and Business Loans, as well as its Asset Based Lending product.
