Police stations, care homes and hospitals are expected to be prime beneficiaries of the deal, which will ensure continuity of systems and round-the-clock expertise for those managing the vulnerable and elderly through the impacts of Covid-19.
The Scottish and north of England management team from Secureshield negotiated the acquisition of their region using specialist brokerage services from Reach Commercial Finance and funding from Aldermore Bank.
They will now lead a team that designs, installs and maintains essential safety services such as fire alarms and CCTV for a diverse customer base. Clients include Castle Rock Edinvar Housing Association, Scotmid Co-op, and Karbon Homes.
Reach Commercial Finance is part of the Leonard Curtis Business Solutions Group, which specialises in business rescue and recovery. A £750,000 invoice finance facility from Aldermore Bank was secured to enable the purchase to go ahead.
Secureshield Director Mark Levey, commented: “This was a complex deal which needed specific administration experience and to be concluded swiftly. We are looking forward to taking the company forward now.”
Shaun Hyland from Reach added: “We are very pleased to have delivered a solution in an unbelievably tight timeframe for Secureshield, enabling them provide a stable financial framework within which customers can continue to deliver their vital services at this time, and in the future.”
A message from the Editor:
Thank you for reading this story on our website. While I have your attention, I also have an important request to make of you.With the coronavirus lockdown having a major impact on many of our advertisers - and consequently the revenue we receive - we are more reliant than ever on you taking out a digital subscription.Subscribe to scotsman.com and enjoy unlimited access to Scottish news and information online and on our app. With a digital subscription, you can read more than five articles, see fewer ads, enjoy faster load times, and get access to exclusive newsletters and content. Visit www.scotsman.com/subscriptions now to sign up.
Our journalism costs money and we rely on advertising, print and digital revenues to help to support them. By supporting us, we are able to support you in providing trusted, fact-checked content for this website.