Read all about the support we have received from Barclays Bank and their recently launched unsecured lending limit in our article on the Aberdeen Business News website or below today.
Cleaning business becomes a family affair, thanks £100k bank loan
Aberdeen based commercial cleaning business Tidy Green Clean has taken ownership into the family, after completing a management buy-out with backing from Barclays.
The organisation is the first Scottish SME to benefit from Barclays’ recently launched £100k unsecured lending limit, which has enabled brothers in law Andrew Alleway and David Moncur to take full ownership of the business.
After celebrating a 100% increase in turnover in the last financial year, Tidy Green Clean hopes to expand the business through additional franchise opportunities in the Central Belt, boosting the headcount which currently sits at 110.
Long term goals for the business also include developing an external training academy as well as campaigning for minimum standards across the industry.
Having worked in facilities management for several years, the duo took over the Scottish branch of Ecocleen in 2017, launching under the new brand Tidy Green Clean and now provide environmentally friendly products and systems for around 120 customers across Scotland. Headquartered in Aberdeen, the business also operates in Glasgow, Edinburgh, Dundee and Peterhead across hospitality, retail, medical and oil and gas sectors.
Managing Director, Andrew Alleway said: “Taking ownership of the business has been our goal for some time and thanks to the funding and support from Barclays, this has now become a reality. The team have been incredibly supportive and I’ve been impressed with the personalised service offered throughout the lending process.
“It’s an exciting time for Tidy Green Clean as we put plans in place for future development and expansion and we hope to continue our run of success in 2019 and beyond.”
Stuart Brown, Head of SME Scotland, Barclays, said: “At Barclays we’re passionate about helping Scotland’s businesses owners at every stage of their journey, and it’s great to see Tidy Green Clean moving into the next chapter, with support from business manager, Rebecca Ainsley.
“Earlier this year we doubled our unsecured lending limit to £100,000 to help SMEs in Scotland get faster access to finance and help them make the most of all opportunities for growth. We believe unsecured lending can really transform hard-working companies like this, allowing them to scale up and serve more people by removing some of the traditional barriers to finance.”