Business advisory firm Quantuma has supported the successful completion of the inaugural transaction under Skipton Business Finance’s newly launched asset-based lending (ABL) product. The deal delivered a £5m funding package to support a growing Midlands-based business.
The transaction marks an important milestone for Skipton Business Finance as it expands its product offering into the ABL market. The £5m facility comprises a £3.5m invoice discounting line, alongside a £1.5m Growth Guarantee Scheme (GGS) cash flow loan, providing a flexible and scalable funding solution to support the borrower’s continued growth. The funding package was designed to refinance an existing facility and provide additional headroom, enabling the business to capitalise on increasing demand, including opportunities within the fast-growing AI data centre construction sector.
The Quantuma team, comprising Finlay McLoskey, Matthew Freer and Scott Peters, worked closely with the client to structure and deliver a bespoke funding solution aligned to the business’s evolving requirements. Quantuma’s involvement ensured a smooth transition from the incumbent lender and facilitated a competitive process to secure the optimal funding structure.
Ben Pittam, regional sales director at Skipton Business Finance, commented:
“We are delighted to complete the first transaction under our new ABL offering. This deal demonstrates our ability to provide flexible, tailored funding solutions that support ambitious businesses as they scale. We look forward to building on this momentum as we continue to grow our presence in the ABL market.”
Finlay McLoskey, analyst at Quantuma, added:
“We are pleased to have supported the delivery of this inaugural ABL transaction for Skipton Business Finance. The deal highlights the importance of structuring funding solutions that not only meet immediate requirements but also provide the flexibility to support future growth.”
