Insulation and fire protection expert Aran Services has secured £1.5m in working capital from Independent Growth Finance (IGF).

The funds, which were raised using invoice discounting, were used to support the recent MBO and to provide working capital to support the continued growth of the business.

Founded in 2004, the Suffolk-based company specialises in domestic and commercial energy efficiency and fire safety, working with schools, social landlords, local authorities, utility providers and home owners, to ensure their systems are up to scratch.

After their incumbent bank failed to deliver the funding required for the MBO, Aran Services was referred to IGF by corporate finance advisors Ensors.

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