Arbuthnot Commercial Asset Based Lending, a specialist asset-based lender for SMEs and lower mid-market corporates, has appointment Josh Thorneycroft as business development director for the Thames Valley and London region, the lender said in a statement.

Arbuthnot Commercial ABL has seen strong growth in recent years. In 2020 the value of facilities increased by 70% and the number of clients increased by 60%.

In October 2020, 28 months after its launch, the firm reached its £200m lending milestone.

In his new role, Thorneycroft will help to drive the business’ ambitious growth plans across the region.

He will also manage and strengthen client relationships through private equity-backed acquisitions, corporate carve-outs, management buy-outs (MBOs), management buy-ins (MBIs) and refinancing.

He will be based in Arbuthnot Latham’s London office.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thorneycroft brings a wealth of experience from across financial services, with a focus on business development. Before joining Arbuthnot Commercial ABL, Thorneycroft held several roles at Mazars, across the company’s M&A and debt advisory practices. He is also a qualified ICAEW accountant.

Andrew Rutherford, commercial director, Arbuthnot Commercial ABL, said: “The past year has been challenging for many, but the ABL market has brought a much-needed financing option to many businesses. High-quality customer service and efficiency drives everything we do; we look forward to working alongside Josh as we provide reliable and trusted ABL solutions to more businesses across the UK.”

Josh Thorneycroft, said: “I’m delighted to be joining the Arbuthnot Commercial ABL team, working across the Thames Valley and London region. It’s a really exciting time for the asset-based lending market and Andrew and the team have a fantastic track record. I look forward to bringing my expertise and relationships to the role, delivering best in class results as we continue to fuel the growth of small and medium-sized enterprises and mid-market corporates.”

In December we reported:

Asset Alliance agrees sale of its entire share capital, valued at £4.1m, to Arbuthnot Banking Group

Asset Alliance Group, a UK provider of commercial vehicle leasing, has announced its intention to sell its shareholding to Arbuthnot Latham and Co.