FRP secures £11m refinancing deal for leading Norfolk cleaning business

FRP the debt advisory team secures refinancing package for Easy Cleaning Solutions to fund growth strategy Deal creating additional work capital headroom to support sales growth with blue-chip customer base 

FRP, the specialist business advisory firm, has advised Easy Cleaning Solutions (UK) Ltd on a refinancing deal with Close Brothers that will enable the leading manufacturer and distributor of cleaning products to further drive its organic growth strategy and better support its blue-chip customer base.

Headquartered in Norfolk, Easy Cleaning Solutions is an innovative manufacturer of private label and own brand cleaning solutions. It’s in-house design and chemist team has extensive experience of chemical manufacturing to effectively develop and scale processes, helping to bring new products to the market place quickly. 

 Following a competitive process, which was managed by the debt advisory team at FRP,  Close Brothers provided a highly attractive financing structure that ensured flexibility and created additional working capital headroom to finance future growth. 

 Nick Grainger, partner in the debt advisory team at FRP, said: “Quality of service and, crucially, flexibility was at the forefront of Easy Cleaning Solutions’ decision regarding its preferred financing partner. This new funding provides the business with the headroom to deliver the highest quality of service to a growing client base while recognising that it has even greater growth ambitions in the long-term. It will generate additional working capital headroom and further support its ongoing growth strategy.” 

 Darren Moseley, chief executive officer at Easy Cleaning Solutions, added: “Having the capital available to fund our growth strategy is a major boost for us and we are looking forward to building on our position as a leading cleaning product manufacturer. The package secured by the team at FRP gives us maximum flexibility and we are confident that with Close Brothers as our finance partner Easy Cleaning Solutions will have even greater growth potential.” 

for more information please visit their website.