Arbuthnot Commercial Asset Based Lending has successfully provided a significant working capital package for Reacton Fire Suppression Ltd and Fireward Limited, a globally recognised manufacturer and distributor of fire suppression systems based in Chelmsford, Essex. This strategic funding will enable the group to strengthen its financial position and accelerate its global growth ambitions.
Arbuthnot Commercial ABL structured a comprehensive £3m funding solution, including a £2m confidential invoice discounting facility and a £1m Growth Guarantee Scheme Loan Facility. This tailored financial package refinances the existing facility while injecting additional working capital to support the group’s continued expansion in high-growth sectors.
Founded in 1968 and acquired by the current owners in 2016, Reacton develops cutting-edge fire suppression systems, boasting an industry-leading ten certifications. The company serves global markets, including Bus and Coach, CNC Machinery, and Heavy Plant & Machinery. Fireward, established in 2010, is the UK’s leading distributor of Reacton’s products, providing comprehensive installation, service, and support to the mobile plant and machinery sector.
The business has demonstrated remarkable growth, driven by its commitment to product innovation, commercialisation, and investment in certifications. With an enhanced management team and a strong position in a market experiencing sustained demand, the group is well-placed for further expansion.
Sam Malins, Group CEO of Reacton Fire Suppression Ltd and Fireward Limited, commented on the partnership, highlighting Arbuthnot’s deep understanding of their business needs and the highly competitive financial solution provided. He expressed confidence that the support from Arbuthnot will accelerate the company’s growth trajectory even further.
Ed Barnes, Group CTO, reinforced the company’s market leadership, citing their unrivalled certification portfolio as a key competitive advantage. He emphasised that the new funding facility provides the platform to strengthen global distribution and expand into new international markets.
Andrew Rutherford, Commercial Director at Arbuthnot Commercial Asset Based Lending, underscored the strategic nature of the funding package, recognising Reacton and Fireward’s industry-leading technology, diversified revenue streams, and strong growth momentum. With deep expertise in the fire safety sector, Arbuthnot is committed to supporting the group’s next phase of expansion.
Reacton and Fireward continue to set the standard in fire suppression technology, leveraging their extensive industry certifications and innovative solutions to drive growth in global markets.
Arbuthnot Banking Group PLC (LON:ARBB), trading as Arbuthnot Latham, provides private and commercial banking products and services in the United Kingdom. Founded in 1833, Arbuthnot Banking is based in London, United Kingdom.
