UK Deal Specific Lender Appetite Check

I am currently working through lender conversations on a UK industrial services transaction and would value market perspective. The business has a long operating history, contracted and repeat customers, experienced workforce, and clear asset base supporting operations. Ownership transition is planned with continuity in management during handover. For lenders active in UK lower middle market industrial services, what factors are currently most critical in underwriting decisions when historical accounts are strong but the investment case is driven by operational stability and asset support rather than headline multiples? Appreciate any insight from those deploying capital in this segment.