Active Security Solutions supplies security staff for retailers, venues and events. The Scarborough-based company’s growth has accelerated since the start of the coronavirus pandemic, with the business supplying security to Covid-19 testing sites, where the majority of its staff are now employed. The firm has become one of the government’s key suppliers, supporting more than 35 sites and providing around 6,000 hours of service each week.
Product: Revolving credit facility (under the CBILS scheme)
Double monthly revenues through supplying more staff.
Growth Lending’s investment will support the business as it provides staff for a further 15 to 20 coronavirus testing sites. This will increase the firm’s billable hours to around 12,000 a week, doubling its revenues.
Tom Seymour, regional director at Growth Lending, says: “Working with the team at Active Security Solutions was a pleasure from start to finish. Their ambitious nature and systematic approach have made the company a great addition to our portfolio. This is a client we are looking forward to supporting over the coming years.”
Wayne Brown, Active Security Solutions’ finance director, says: “We left our high-street bank after it refused to provide much-needed funding. Since joining Growth Lending, we have been impressed by the team’s understanding and speed of delivery, which have enabled us to quickly capitalise on a new opportunity and more than double our monthly revenues.”