Bulletin

Berkshire-based Promac to hire new staff and expand operations following £1.3m in funding

machines

Santander Corporate & Commercial has provided £1.3m of funding to Berkshire-based construction and earth-moving equipment retailer Promac Solutions Ltd, enabling the company to expand its operations, increase stock, set up new mobile workshops and hire additional staff. Since being formed in 2006, Promac has grown to become the largest dealer by volume of South Korean manufacturer Doosan's machines in Europe. The firm operates from a purpose-built 1,400 sq. m facility in Aldermaston which has allowed it to significantly expand the parts, service and extended warranty side of its business. The company has a turnover of over £30m and boasts a workforce of 40. The funding from Santander will help Promac build on the mobile workshops above the existing ten already in place and expand to an additional parts and service depot in North Kent. Paul King, Relationship Director, Santander Corporate & Commercial, said: 'We're delighted to be able to support such a successful and well-run company which is set for a period of strong growth. The three founders have developed a very solid business model as a trusted distributor of Doosan and I have no doubt that in the coming years they will achieve their goals of becoming a £60m business.'

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin

Where Next?