Wed, 15 Oct 2025 | BUSINESS NEWS
A Surrey-based provider of outdoor estate maintenance services is set to target M&A activity after agreeing fresh funding. OUTCO, which secured backing from European private equity firm Perwyn over the summer, has now agreed a flexible revolving credit facility with digital bank OakNorth.
OUTCO was founded in 2004 and now serves more than 700 clients across sectors including logistics, healthcare, retail, education and critical infrastructure. The company provides a fully integrated service, including asset and environmental maintenance, access control, grounds care, fencing and winter gritting.
Jason Petsch, Chief Executive of OUTCO, said that OakNorth’s funding would support the company’s day-to-day cashflow and enable it to focus on its plans “for consolidated service line expansion to position OUTCO as the go-to provider in the outdoor facilities management sector.”
He continued: "By offering a unified, data-driven service model, OUTCO will continue to enhance asset lifecycle management, improve compliance, and reduce maintenance complexity, delivering real value to clients across the UK.”
Petsch added that OakNorth’s funding was testament to the strength of the business, as well as its future growth ambitions.
Stuart Blair, senior director of debt finance at OakNorth, added: "OUTCO is exactly the kind of business we love to support – mission-critical, tech-enabled, and built on long-standing customer trust.”
"The business benefits from a 90 per cent-plus customer retention rate, and we're confident OUTCO will continue to scale its multi-service platform across the UK, and deliver further earnings expansion through a strong M&A programme.
In accounts for the year to September 30 2024, OUTCO Limited reported turnover of £34.9 million, up slightly from around £34.7 million a year earlier, while adjusted EBITDA increased from £5.7 million to £7.5 million.
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