Time Finance Secures £900k Financing for Active Pump Services’ Management Buy‑in
Background
- The West Sussex‑based firm, Active Pump Services Ltd, has been running a clean‑water business for 25 years.
- Founders are ready to retire, but the company needs a steady hand to keep the pumps (and profits) flowing.
- Enter a new buyer who, with the help of the buy‑side advisory firm Grow Funding, turns to Time Finance for the capital boost.
- Time Finance teamed up with the buyer’s accountant, THL Accountancy, to navigate due diligence, valuations, and legal hurdles on a tight deadline.
The Deal
- Instrument: Multi‑product Asset‑Based Lending (ABL) facility totalling £900,000.
- Purpose: Provide the working capital required for a smooth management‑buy‑in (MBI).
- Scope: Secure both current operations and future growth needs.
Financing Breakdown
- £210,000 – Property‑backed loan, locking in the firm’s commercial real estate.
- £450,000 – Invoice finance, giving liquidity straight from the payables.
- £220,000 – Asset finance agreement, covering movable equipment and other tangible assets.
What This Means
“The success of this transaction is a fantastic achievement for our team and positions Time Finance as a competitive force in structuring flexible ABL facilities in the sub‑£2.5million space,” said Justin Nel, Business Development Manager at Time Finance.
“Combining our three core product offerings gave our client the cash they needed right from day one and opened up a healthy runway for the future.”
Next Steps
With the capital in place, Active Pump Services can keep its pumps running smoothly while the new owners steer the ship toward fresh horizons. Stay tuned for more updates—subscribe now to get real‑time news straight to your device!
