Arbuthnot Commercial ABL backs VJ Technology with £15m facility

Arbuthnot Commercial Asset Based Lending (ACABL) has completed a £15 million growth capital facility for VJ Technology (VJT), a market leader in the manufacture, distribution and testing of fixings, fasteners and building consumables for the construction and infrastructure sector.

Headquartered in Ashford, Kent, VJT operates as a true “one-stop shop” for construction fixings and consumables, supplying directly into Tier 1 contractors on major UK infrastructure projects including HS2, Sizewell C and Heathrow Airport. The business also supports a broad customer base of small and medium-sized construction companies across the UK.

The new funding package, structured by ACABL, comprises a Confidential Invoice Discounting (CID) facility, an inventory revolver and a cashflow loan. The comprehensive solution will support VJT’s continued growth strategy, including further investment in its high-growth iStore proposition.

iStore is a first-of-its-kind on-site procurement solution designed to provide fast-paced construction projects with immediate access to a tailored range of fixings, fasteners and building consumables. Using a patent-approved process that incorporates intelligent stock control and security, iStore can operate 24 hours a day, seven days a week directly on site, helping to reduce downtime, improve operational efficiency and keep large-scale projects on track.

ACABL was selected following a competitive tender process, with its flexible and tailored approach to funding aligning closely with VJT’s long-term vision for scaling the iStore model across major infrastructure projects.

“We had access to senior decision makers from the outset, which facilitated a smooth transaction process and resulted in a flexible financing solution tailored to our specific needs on attractive terms. We’re pleased to have Arbuthnot as our new funding partners and look forward to growing our business with them in the coming years.”

Mobbs also praised Fellwood Advisory for its role in the transaction: “Fellwood provided exceptional support throughout our recent refinancing process. From the outset, they were proactive, commercially focused and demonstrated a deep understanding of the debt market. Their clear communication made the process straightforward, and their expertise ensured we secured the right outcome with Arbuthnot as our lender, aligned with our growth plans.”

Addleshaw Goddard advised VJ Technology on the transaction. Mobbs added: “We were delighted with the service provided by Philippa McCarthy and the Addleshaw Goddard team. They provided clear advice and took a refreshingly solutions-led approach to legal negotiations.”

“VJT represents exactly the calibre of business we seek to partner with – operationally excellent, strategically clear-sighted, and led by a management team with genuine sector expertise. It was a pleasure to work alongside Fellwood to deliver a smooth and efficient transaction. Our role was to provide a funding structure that enables VJT’s next phase of growth, and we’re confident it does precisely that.”