Hargreaves further develops its growth with support from Santander

Hargreaves

Hargreaves

Founded in 1994, Hargreaves Services is an AIM (Alternative Investment Market) listed diversified group delivering services to the industrial and property sectors, supporting a range of key industries globally. The business has successfully transitioned out of coal mining to focus on its services and property development operations.

Hargreaves was historically focused on coal mining and took the strategic decision to exit the sector, closing its last mine in 2020. As a result their working capital and funding requirements had simplified. They took this opportunity to move their banking to Santander and take the next steps in achieving their goals.

We required a more appropriate and flexible facility focused on our services business. Santander’s practical, proactive, innovative and supportive approach has enabled us to rapidly secure support for this. We look forward to developing our relationship with Santander further as our business grows over the coming years.

John Samuel

Group Finance Director, Hargreaves Services Plc

Supported by the funding provided, the group anticipates strong growth in a number of its divisions, including its property development business which is benefitting from the increased demand for additional housing in the UK.

Hargreaves’ management team has successfully repositioned the business since it stopped its coal operations last year, and there are exciting and significant opportunities ahead with its new areas of focus. Our international support coupled with our strong sector focus - managed through a locally based banking team - will help Hargreaves achieve its business aspirations.

Paul Watkin

Relationship Director, Santander