Arbuthnot Commercial ABL bolsters business development team with key London based hire
Arbuthnot Commercial Asset Based Lending (“ABL”), a specialist asset-based lender focused on delivering facilities to SMEs and lower mid-market corporates, is pleased to announce the appointment of Josh Thorneycroft as business development director for the Thames Valley and London region.
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, Josh 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.
Josh brings a wealth of experience from across financial services, with a focus on business development. Prior to joining Arbuthnot Commercial ABL, Josh 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: “It’s fantastic to welcome Josh to the team! 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.”
Commenting on his new role, 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.”
