Independent Inspections secures £1.75m finance facility

Secure Trust Bank Commercial Finance has provided a £1.75m funding line to Independent Inspections Group, the provider of assessment and restoration services to the insurance industry.

Based in Preston, the group offers consolidated claims management outsourcing services, providing expert validation for all UK insurers, covering escape of water, fire, floods and accidental damage. Founded in 1989, it currently houses three distinct brands: Independent Inspections, ChemDry UK and Ansa Drainage Solutions, with a total headcount of more than 300 and turnover of £45m.

The addition of ChemDry UK and Ansa Drainage Solutions has developed the expertise of the firm, with the former offering fire and flood restoration services through its national network as a leading carpet and upholstery cleaning company. Ansa Drainage Solutions has also enabled the group to expand into new markets, offering claims management, validation and fulfilment services to insurers, loss adjusters and commercial clients.

Matthew White, regional sales director at Secure Trust Bank Commercial Finance said: “Independent Inspections has developed a strong reputation in providing assessment and restoration for the insurance industry, and the investment from RCapital has enabled it to focus on boosting its growth objectives. In order to accomplish this, the company needed a tailored and flexible finance facility in a short space of time. “By working alongside both the existing management team and the investors at RCapital, we quickly understood the ambitious targets that the business had, and were able to structure a package capable of meeting their requirements. We are confident that with the ongoing support of both RCapital and ourselves, Independent Inspections is in excellent shape to further expand operations in the coming months.”