Arbuthnot Commercial ABL

Arbuthnot Commercial ABL provides flexible facility to support motorsport business

Arbuthnot Commercial ABL has provided a cash flow loan and receivables financing facility to support Precision Technologies International Limited (PTI).

The facility will allow the specialist motorsport engineering business to consolidate its previous invoice discounting and mezzanine finance facilities with a single finance provider.

PTI will use the finance to support new growth initiatives in the motorsport industry as well as other related sectors that require manufacturing services.

“[Arbuthnot Commercial ABL’s] key decision makers met with us on site to gain a rich understanding of our business, enabling them to deliver a cost-effective and flexible facility,” said James Nicklin, managing director at PTI.

“Their speed of response gave us the confidence that the transaction would be conducted quickly and smoothly, without any unnecessary delays or red tape.
“The future is looking positive with clear growth plans to expand within our existing sectors and some promising projects on the horizon.”

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