ACABL delivers £8m to support Glen Group’s expansion

Arbuthnot Commercial Asset Based Lending (ACABL) has announced the successful structuring of a tailored £8m funding solution to support the ongoing expansion of Glen Group Limited, one of the United Kingdom’s largest privately owned facilities services providers.

The funding package comprises a £5m confidential invoice discounting line, a £2m Growth Guarantee Scheme (GGS) loan, and a £1m cash flow loan. This strategic arrangement will enable Glen Group to refinance existing obligations, complete the acquisition of commercial cleaning firm G J Treasure, and establish additional headroom to drive future growth initiatives.

Established in 1982, Glen Group operates on a national scale, delivering services across both public and private sector clients. The business, which includes RCB Business Solutions among its subsidiaries, was acquired in 2019 by Executive Chairman Dave Seaton and Group Managing Director Ross Barnes.

Seaton noted that the high level of senior engagement from ACABL was a key differentiator in the process. Arbuthnot’s Commercial Director and Deputy Head of Underwriting were personally involved throughout the transaction, including travelling from London to Bristol to meet the Glen team in person. Their presence and willingness to invest time demonstrated a strong commitment to the partnership. According to Seaton, the team’s pragmatic and solution-oriented approach ensured that the structure of the facility was precisely aligned with Glen’s funding requirements and risk appetite.

Barnes reinforced this perspective, highlighting the professionalism and responsiveness of the Arbuthnot team. He observed that the engagement was collaborative and transparent, with a shared commitment to clarity and understanding on all sides. The decision by ACABL’s senior leadership to prioritise face-to-face interaction underscored the importance placed on the relationship and deal execution.

Andrew Rutherford, Commercial Director at ACABL, acknowledged the achievements of Glen Group’s leadership team, commending their clear strategic vision and demonstrable track record. He emphasised that the funding structure — integrating invoice discounting, term lending, and cash flow support — showcased ACABL’s ability to deliver flexible, bespoke solutions tailored to the evolving needs of mid-market businesses.