Premium linen and laundry service AAA Linen Suppliers has secured a joint £4 million investment from SKG Capital and Secure Trust Commercial Finance (Secure Trust).
Secure Trust will also provide an asset-based lending facility as part of the agreement. The deal puts AAA Linen in the position to seek further bolt-on acquisitions within the sector.
The company currently employs around 300 staff and supplies some of the most renowned establishments in London – including Michelin Star restaurants and exclusive hotels.
AAA Linen CEO Stephen Lloyd said the investment would allow the company to continue to grow while not compromising on quality.
“Secure Trust gave us an invoice discounting line in a very short time frame that was tailored to our specific needs,” he said. “They were supportive throughout the process and got straight to the point. We look forward to working with them as the business develops.”
Secure Trust regional director Sean Powell added the company was “delighted” to be working with both AAA Linen and SKG Capital.
“Working to tight deadlines, it was imperative that we were able to be flexible and make decisions quickly in order to tailor a facility which worked for our client,” he said.