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.
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.

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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.

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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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