Arbuthnot Commercial ABL Backs Glen Group with £8m growth funding

Arbuthnot Commercial Asset Based Lending (ACABL) has structured an £8 million funding package to support the expansion of Glen Group Limited, one of the UK’s largest privately owned facility services providers.

The deal includes a £5 million confidential invoice discounting line, a £2 million Growth Guarantee Scheme (GGS) loan, and a £1 million cash flow loan. The funding will allow Glen Group to refinance existing debt, complete the strategic acquisition of commercial cleaning firm G J Treasure, and unlock headroom for future growth.

Founded in 1982, Glen Group operates nationally across the public and private sectors, with regional divisions throughout the UK. The company, which also owns RCB Business Solutions, was acquired in 2019 by Dave Seaton and Ross Barnes.

Dave Seaton, Executive Chairman, highlighted Arbuthnot’s hands-on approach: “What surprised me more than anything was the level of senior involvement. Arbuthnot Commercial ABL’s commercial director and deputy head of underwriting were closely involved throughout. They travelled from London to Bristol for a face-to-face meeting and spent nearly five hours with us, which really demonstrates their commitment. The team is very experienced, pragmatic, and has a can-do attitude. Arbuthnot is well-suited to our size and profile of business and structured a facility that was exactly right in terms of both funding quantum and advance rate.”

Ross Barnes, Group Managing Director, added: “Everyone we dealt with at Arbuthnot was engaging, supportive, and approachable. There was never any issue in getting into the detail – if we needed time to understand something, they made the time available. It was a very user-friendly experience. The fact that they cleared senior diaries to come and see us in person showed we mattered to them and that they were committed to making the deal happen.”

“The multi-faceted nature of this funding package, combining invoice discounting, term debt, and cash flow facilities, reflects our ability to tailor solutions to the specific needs of our clients.”