Arbuthnot Commercial

Arbuthnot Commercial ABL provides £2m facility to support business acquisition

Arbuthnot Commercial Asset Based Lending (ABL) has completed a £2m invoice discounting facility to support Premier House Investment’s acquisition of Ralph Coleman International Ltd (RCI).

The facility will also provide ongoing working capital, which will help the company proceed with its expansion plans.

RCI’s services include the provision, washing, storage, haulage and repair of plastic trays in the retail food sector.

Andrew Rutherford, commercial director at Arbuthnot Commercial ABL (pictured above), said: “RCI’s business development plans are ingenious and will deliver tremendous benefits to its food retail customers.

“It is crucial that we really get to know our clients’ businesses and bring our knowledge of their world to bear to create facilities that boost business from day one.”

Paul Hampton, director at RCI, added: “We have a fantastic opportunity to extend our range of services, which are synergistic to our core crate washing offering.

“These will deliver substantial logistical and cost benefits to our food retail clients, and Arbuthnot Commercial ABL’s facility is a significant part of these expansion plans.

“It was clear from the outset that [its] team was going to take the time to get to know us and had a lot of experience in our sector.

“A little way into our working relationship [it has] delivered at every level.

“I have already had the pleasure of introducing Arbuthnot Commercial ABL to colleagues in my sector, which is a testament to the strength of our business relationship.”

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