Based close to Kilmarnock, Confida FM Limited (Confida) is a leading facilities management firm specialising in commercial cleaning, security and property management services.
Its clients span the public and private sectors and includes the NHS, Scottish Ambulance Service, East Ayrshire Council, Scottish Passenger Transport, Ryanair, Chemring and UTC Aerospace.
The new IGF facility helped fuel the MBO process in May 2017. Previous bank lending had proved problematic and insufficient in delivering the quantum of working capital needed to harness growth opportunities.
The new asset based lending facility is solving this problem by providing the headroom necessary to take advantage of the exciting opportunities being enjoyed by Confida.
Lorraine Murray MBE, Director at Confida FM, said:
“The IGF team has been fantastic throughout the transition process from the previous business, and really took the time to understand our needs as a new organisation. Business continuity was a crucial part of this process, and IGF allowed us to maintain our day-to-day activity whilst we focused on growing the business from the off.”
Alan Anderson, ABL Director – Scotland at Independent Growth Finance, said:
“Confida’s work is extremely people-driven, so it was important to keep the jobs secure from the existing Sercon team. We’re proud to support such as enthusiastic and entrepreneurial management team through this transition, and see a bright future for the new Confida business.”