FRP Corporate Finance has helped Power Saving Solutions, a battery power specialist, to secure a new asset-based lending facility to support continued investment in its hire fleet and ongoing working capital requirements.
Based in Mansfield, Power Saving Solutions provides high-performance battery storage units and hybrid power systems to commercial, industrial and off-grid customers across the UK.
The business, which is backed by private equity investor, LDC, has evolved from an electrical contractor and off-grid power specialist into a leading provider of sustainable power solutions. It helps customers reduce fuel consumption, cut carbon emissions and lower operational costs.
After advising on LDC’s investment into the business in December 2024, the debt advisory team at FRP Corporate Finance was recently appointed to support Power Saving Solutions in securing an asset-based lending facility to underpin its ongoing investment plans.
Led by partner Tom Cox, the team worked closely with management to run a targeted and competitive process, ultimately securing facilities with Arbuthnot Commercial Asset Based Lending. The financing structure gives the business the flexibility to invest in additional fleet assets while supporting its day-to-day operations.
The process leveraged FRP Corporate Finance’s market knowledge and expertise to deliver a tailored, cost-effective and flexible revolving financing structure, which aligned with the management team’s operational and strategic requirements.
Tom Cox, partner at FRP Corporate Finance (pictured above), said, “Power Saving Solutions delivers sustainable power solutions, helping customers to reduce costs and meet their emissions targets. Arbuthnot understood this vision and was able to tailor a flexible revolving financing solution that will support the business’ growth plans over the coming years.”
Andy Richardson, CEO at Power Saving Solutions, added, “This facility supports our plans to keep investing in the solutions and capability our customers rely on, as demand for flexible and sustainable power continues to grow.
“I’m grateful to Tom and the team at FRP Corporate Finance for their support throughout the process. Their expertise helped us secure a facility that’s well aligned with our operational needs, and we’re excited about what comes next.”
