Arbuthnot Commercial Asset-Based Lending completes £2.6m growth funding package for environmental protection leader

The bespoke facility combines a £2 million Confidential Invoice Discounting line with a £600,000 Growth Guarantee Scheme loan, replacing Andel’s previous lender following their withdrawal from the UK market. This funding helps Andel refinance existing debt and provides additional capacity for growth, including investment in new plant and machinery, and a premises fit-out.

Founded in 1992, Andel has grown to become a global market leader in leak detection, water sustainability, flood defence, and environmental protection systems. Around 90% of its comprehensive product range is manufactured in-house at its state-of-the-art facility located in Dodworth, South Yorkshire. Andel also operates a dedicated R&D division in the Nexus building on the University of Leeds campus, underlining its commitment to innovation. Andel won the Manufacturing Innovation Award at the 2025 Insider Made in Yorkshire Awards.

Mark Harris, Commercial Director at Andel Ltd, said:  

“What really appealed to us was the approach from Arbuthnot’s Business Development Director, Richard Ackers. The deal had to be done at double quick speed - we were speaking to each other and meeting several times a week. He saw how rapidly the business had grown and understood that replicating our previous lender wouldn’t work. If we had gone down that route, we would have had to revisit and renegotiate all over again as we were bound to need a bigger facility.

We’ve doubled our turnover in the last three years, and we are projecting to double again in the next three years. So that takes a lot of financing. The facilities Arbuthnot were offering were far better than anybody else. Ultimately, we do business with people—that’s the ethos of Andel. With Arbuthnot, we are not just a serial number on a piece of paper. They’ve been extremely flexible, responsible, and understanding. This is not bulk market lending; it’s niche market lending, and it’s a very good fit for companies like ours that need support for significant growth.”

Andrew Rutherford, Commercial Director at Arbuthnot Commercial Asset Based Lending Limited, said: 

“We are pleased to support Andel with this tailored funding package that provides both increased facility headroom and enhanced financial flexibility to fuel the company’s expansion plans while maintaining its focus on innovation. Building strong relationships with ambitious businesses is at the heart of our approach, allowing us to create funding solutions that are truly aligned with their specific needs”

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Registered in England and Wales no. 10915339. Arbuthnot Commercial Asset Based Lending Limited’s registered office is Arbuthnot House, 20 Finsbury Circus, London EC2M 7EA. Arbuthnot Commercial Asset Based Lending is not authorised and regulated by the Financial Conduct Authority.

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