Identity verification technology firm GB Group has secured a £175 million revolving credit facility, extending its financial runway and giving it greater flexibility to pursue growth. The Chester-based company, which helps businesses verify customer identities across more than 200 countries, replaced an existing facility that was due to mature in July 2027 with a new unsecured arrangement running through to September 2030, with two optional one-year extension clauses built in.
The facility was arranged with a syndicate of new and existing lenders including HSBC Innovation Bank, NatWest, Barclays, and Fifth Third Bank.
CFO David Ward said the deal secured the company’s capital structure “for an extended period while providing enhanced flexibility to support the continued execution of our strategic objectives.” The terms were struck at broadly similar commercial rates to the previous facility, despite the longer tenor — a result the company described as reflecting its banking partners’ confidence in the business and its direction.
GB Group’s most recent half-year results, released in November, showed revenues of £135.5m — up 1% on the same period the prior year. Statutory pre-tax profits slipped from £5.6m to £4.1m, though adjusted operating profit rose to £29.5m, a gain of 1.9% on a reported basis and 4.6% on a constant currency basis.
CEO Dev Dhiman struck an optimistic tone alongside those results, pointing to improving sales momentum and ongoing work to simplify the company’s operating model. Key priorities include turning around performance in the Americas, transitioning customers onto the unified GBG Go platform, and extracting cost and operational synergies from a leaner global structure. The company reiterated its full-year FY26 financial outlook at the time, signalling confidence in a stronger second-half performance.
Full-year results are expected on April 22.