London, 6 October 2026: EverGrowth, the founder-led B2B essential services group, has agreed a £22m senior debt facility with OakNorth to support further acquisitions.
The facility follows FourLeaf Capital’s equity investment in EverGrowth, announced on 2 October, in which the co-founders, Chris West and Ferdie Ahmed, invested alongside FourLeaf.
EverGrowth operates across four divisions, Soft Services, Hard Services, Environmental Services and Critical Services, with the ambition of becoming a nationwide total facilities management provider. It completed its first acquisition, a London commercial cleaning business, in March 2026.
EverGrowth works with corporate finance advisers, M&A brokers and accountants acting for vendors. It looks for businesses with ten or more years’ trading, sustained EBITDA of £1m or more, a diversified customer base and a capable team. Its deal structures are designed to be founder-friendly: cash at completion, typically alongside deferred consideration and, where agreed, a rollover of equity that gives vendors the opportunity to share in the future growth of the business under the group’s stewardship. They either stay on with the group or hand over through an agreed transition.
“As a bank set up by entrepreneurs, OakNorth was the right fit for a founder-led group like ours. Kieran McKenzie and his team took the time to understand our values and how we work with the owners who sell their businesses to us. OakNorth believed in us and in what we are setting out to do.”
Chris West, Co-Founder and Chief Executive, EverGrowth
“The UK facilities management market is still highly fragmented, which leaves room to build a diversified group of scale through disciplined M&A. We have been impressed by EverGrowth’s approach to acquisitions and by its focus on keeping the strengths of the founder-led businesses that join it. We are pleased to support EverGrowth as its senior lender.”
Kieran McKenzie, Director of Debt Finance, OakNorth
Read OakNorth’s announcement →
About EverGrowth
EverGrowth Group is a founder-led, institutionally backed group acquiring and growing B2B essential services businesses in the UK. Founded by Chris West and Ferdie Ahmed, it is backed by FourLeaf Capital, with senior debt from OakNorth. It is building four divisions: Soft Services, Hard Services, Environmental Services and Critical Services. Its ambition is to become a nationwide total facilities management provider. Each business that joins keeps its identity, specialism and client relationships, with group support in finance, people, technology, and health and safety.
About OakNorth
Launched in September 2015, OakNorth is the bank for entrepreneurs, by entrepreneurs. It was founded to address the persistent funding gap facing lower mid-market businesses, a segment that accounts for a significant share of economic output yet remains underserved by traditional banks. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
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Advisers and brokers acting on a sale mandate can contact Chris West, Co-Founder and Chief Executive, in confidence at us or on 0333 880 6688.
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