£6.6m ABL facility secures next growth phase for the TP Group
The TP Group, based near Chelmsford, Essex, has been increasing its services portfolio alongside its client portfolio since 1986, transitioning from Total Protection GB to The TP Group in 2021, clearly defining its various divisions and service offering to its clients. In June 2026, the group announced that it had secured a £6.6m asset-based lending (ABL) facility through Independent Growth Finance (IGF) to support the ongoing growth of the business.
The TP Group comprises TP Painting Solutions, TP Passive Fire Protection, TP Surfaces & Coatings, TP Landscaping and TP Contracting Services, providing a multi-disciplinary approach to private and public sector clients, including some of the UK’s largest tier 1 contractors, developers, local authorities and other clients across London and the South East.
This injection of working capital will support the business’s strategic and responsible growth, invest in delivery capability and provide greater resilience for clients and supply chain partners. The TP Group’s next chapter is backed not only by financial investment from IGF, but by a proven foundation of excellence comprising strong relationships with repeat clients, industry accreditations that cement their commitment to quality across the group, a growing order book and a proven delivery history and reputation for ‘service without compromise’.
The support shown by IGF is testament to The TP Group’s continued success, stating that they were impressed with the company’s processes, client portfolio and plans for the future. The new facilities provided by IGF form the start of an exciting partnership to support the next phase of the business’s growth.
Michael Morley, chairman of The TP Group said: “This investment will strengthen our working capital position and financial agility, creating additional capacity in line with our business development strategy. Partnering with specialty finance provider, IGF, ensures greater stability and increased capability, allowing us to support our clients through direct operational investment and enhanced supply chain resilience.”
Paul Edmeades, director at IGF said: “All at IGF are delighted to be working with The TP Group and look forward to supporting the business as it continues to grow. Our time spent with Michael and his team to create and deliver a flexible funding package should allow for a successful long-term relationship.”
The TP Group is now set to continue its planned growth trajectory as a leading multi-disciplinary services provider and a trusted partner for many of the UK’s largest tier 1 contractors and developers.