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Skipton Business Finance is delighted to have supported the successful Management Buy-Out (MBO) of Peak Electrical Supplies, a leading independent electrical wholesaler.
The MBO, led by directors Nicola and Jason Andrews, marks a major milestone for the business as they assume 100% ownership. As part of the transaction, the directors engaged SMH Mitchells, an established accountancy and business advisory firm, to provide specialist guidance on the acquisition.
Working collaboratively, Skipton Business Finance then delivered the flexible funding needed to complete the deal and ensure a smooth transition.
Partnering closely with Andrew McDaid of SMH Mitchells, Skipton Business Finance structured a tailored, multi-layered funding package combining Invoice Discounting with the government-backed Growth Guarantee Scheme (GGS).
This approach unlocked working capital from the debtor book while providing the additional liquidity required to finalise the acquisition in a sustainable, future-focused manner.
The result is a robust financial platform that positions the business strongly for its next phase of growth.
John Colburn, Regional Sales Director at Skipton Business Finance, said:
"We are delighted to have supported this MBO. By combining Invoice Discounting with the Growth Guarantee Scheme, we were able to provide Nicola and Jason with a flexible and sustainable financial structure. Working alongside a proactive advisory team like SMH Mitchells ensured all parts of the transaction aligned smoothly, resulting in an excellent outcome for the business and its new owners."
This deal is another strong example of Skipton Business Finance’s collaborative approach with accountancy firms, demonstrating how aligned advisory and funding support can accelerate SME growth and enhance the likelihood of successful strategic transactions such as MBOs.
Nicola Andrews, Director and joint owner of Peak Electrical Supplies, said:
"Andrew and the team at SMH Mitchells provided invaluable guidance on the buy-out, and working with Skipton Business Finance to structure the funding made the deal possible. The team didn’t just show us what was achievable, they gave us the tools to make it happen. We’re excited to lead Peak Electrical into this next chapter with confidence."
Jason Andrews, Director and joint owner, added: "Having Skipton Business Finance alongside SMH Mitchells gives us the confidence to focus on growing the business. Knowing we have a funding partner who understands our sector and can provide flexible solutions is invaluable as we scale Peak Electrical Supplies in the region."