Time Finance announced the successful completion of a £900,000 Asset Based Lending (ABL) facility which has been used to facilitate the management-buy-in (MBI) of established wastewater services provider Active Pump Services Limited.
The multi-product facility, secured by commercial property, receivables and moveable assets, underscores Time Finance’s expertise in creating tailored financial solutions that support business growth plans and acquisitions.
After 25 years of trading, the founding shareholders of the West Sussex business were seeking retirement. To ensure continuity of the business and its operational success, a capable buyer was found who in turn brought in Time Finance via buy-side advisory firm, Grow Funding.
Time Finance plc (LON:TIME) is an AIM-listed business specialising in the provision or arrangement of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans. Time Finance can fund businesses or arrange funding with their trusted partners through Asset Finance, Invoice Finance, Business Loans, Vehicle Finance or Asset Based Lending.