Project Description

HMT LLP advised Arbuthnot Commercial Asset Based Lending (“Arbuthnot Commercial ABL”) on the refinancing of window and door supplier GJB Group, including Listers Central Ltd (“Listers”).

Based in Rayleigh, Essex, with Listers located in Stoke on Trent, GJB Group have been manufacturing and supplying market-leading window and door systems for over 25 years, making them one of the industry’s most experienced and forward-thinking trade suppliers.

Arbuthnot Commercial ABL supported the window and door suppliers with a package totalling £5m, providing GJB Group with a platform for significant growth and investment into furthering its product range and marketing activity.

Sean McLaughlin, a Partner at corporate finance specialists Challenge Capital LLP will be joining the GJB Group board.

HMT undertook financial due diligence for Arbuthnot Commercial ABL on this transaction.

Sean McLaughlin, Partner at Challenge Capital commented:

“It was great to work with Paul and Andrew. Often an FDD process can be frustrating but Paul and Andrew were very user friendly, they focussed on the key issues and were able to work to a tight deadline. They got to grips with the business and the key issues quickly and provided a clear and concise report. What more can you ask for? A great team.”

Andrew Rutherford, Commercial Director at Arbuthnot Commercial ABL commented:

“As always, it was a pleasure working with HMT LLP on this refinancing package for GJB Group (including Listers). Our focus is to always deliver the optimal level of funding that we can with the help of our partners involved in the process. This £5m package, which is £2.4m more than was offered by the group’s previous lender, will enable GJB Group to make further investments in its product range and marketing.”

Paul Read commented:

“We are delighted to have advised Arbuthnot Commercial ABL on their refinancing of GJB Group.  The business has profited from previous investment, and this new refinance package will further provide them with flexible funding facilities to support their continued growth and innovation into new products, strengthening their position as a major force in the sector.”