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Arbuthnot delivers £10.7m asset finance package

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Arbuthnot Commercial ABL has structured a £10.7m asset based lending facility for Anglian.

Anglian is a portfolio company of Alchemy Special Opportunities, which has £1.6bn of assets under management.

The all-asset facility is designed to generate maximum availability by funding elements including Anglian’s trade receivables, bespoke inventory and commercial property.

Alex Leicester, partner at Alchemy said: “Arbuthnot Commercial ABL delivered a pragmatic, flexible and commercial deal structure.

“The two main factors that set Arbuthnot apart in the competitive process were their preparedness to invest time in getting under the skin of the detail and their responsiveness.

“They really looked to understand the quality of the asset base and the interconnectedness between the retail operation and the social housing business and their revenue cycles to create the level of funding required.

“With the new working capital platform in place from Arbuthnot Commercial ABL, Anglian is ideally positioned to grow its market share, broadening its product offering and increase its geographical presence.

“We look forward to continuing our relationship with Arbuthnot to support these initiatives.”

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