Arbuthnot Commercial Asset Based Lending (ACABL) has delivered a tailored funding package to Aaron Engineering Group Ltd (AEG) to support its expansion plans and provide additional working capital.
The funding package gives the Stockport-based engineering and infrastructure group increased access to finance as it looks to take on further projects across the UK.
Founded more than 25 years ago, AEG provides engineering and infrastructure services across several critical sectors, including rail, security and high-voltage electrical infrastructure.
Its businesses include Aaron Rail, which supplies trackside personnel and specialist engineering services to the UK rail industry, alongside Aaron Civils and Aaron Guard, which provides security services.
Aaron Access delivers access control solutions, including automatic gates, barriers and CCTV, as well as fire and security and facilities management support. Aaron HV Systems designs, installs and commissions high-voltage electrical infrastructure, including substations and transmission networks.
The group also operates regional offices in Yorkshire, Cumbria and Warwickshire.
AEG had previously relied largely on self-funding and a relatively small working capital facility. However, its expansion plans created a requirement for additional financial support.
The new facilities provide greater working capital capacity, allowing the group to fund its operations and pursue further infrastructure projects.
John Lowndes, Chief Executive Officer of Aaron Engineering Group, said the additional funding would support the company’s growth ambitions and provide financial backing for its next phase of development.
Arbuthnot Banking Group PLC (LON:ARBB), operating as Arbuthnot Latham, offers private and commercial banking products and services in the United Kingdom. Established in 1833, Arbuthnot Banking is headquartered in London, United Kingdom.
