Unbrako Group has secured an £8.6 million funding package from Arbuthnot Commercial Asset Based Lending to refinance existing facilities and support its next stage of growth.
The Nottinghamshire-based precast concrete manufacturer received a package made up of £3.0 million of receivables finance, a £3.6 million real property loan and a £2.0 million Growth Guarantee Scheme loan. The funding replaces invoice discounting facilities that came with companies previously acquired by the group and gives the business a simpler structure for managing working capital.
Unbrako has improved its funding position while keeping capacity available for further expansion. The company has grown through both organic development and acquisitions, and the new facility is intended to support that strategy. A cleaner funding structure should also help management focus on operations and future deals rather than managing several separate finance arrangements.
Unbrako was founded in 2005 and is based in Langar, Nottinghamshire. It started by producing prestressed concrete panels and has since expanded into a broader precast concrete business. The group now operates two production sites in the Midlands and produces around 1,000 metres of concrete walling each day. The company serves markets including agriculture, waste recycling and storage, and construction.
The business invited six funding providers to tender for the refinancing. Its aim was to replace existing arrangements and secure a facility that could also support future growth. Arbuthnot Commercial Asset Based Lending was selected after that process, with the funding designed around the group’s working capital, property and acquisition requirements.
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.
