MBO of Lanarkshire-based safety-focused firm saves 50 jobs and will help vulnerable

A funding deal to support the management buyout of a Lanarkshire-based provider of fire detection, security systems and technology-enabled care systems from a business in administration has helped save 51 jobs and life-saving services for vulnerable people across Scotland and the north of England.

The firm’s offering includes CCTV, fire alarms, warden call, and a 24/7 regional service helpdesk. Picture: Michael Gillen.

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.”

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