Bulletin

MartinCo secures £5m Santander facility

Bournemouth-based estate agent MartinCo has agreed a £5m loan facility with Santander, less than a year after it raised £4m by floating part of the business on AIM. The £5m facility will be available for five years and will provide MartinCo with capital to expand the company. Chief financial officer David Raggett said: 'We are delighted to have secured the support of Santander and to have signed this credit facility. This will enable us, with our strong balance sheet, to deliver the significant growth we have planned, including our target of 10,000 additional properties under management within two years of listing. The loan provides financial flexibility, which allows us to set our sights on bigger individual targets if attractive opportunities present themselves.'

 

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

Other Articles

Cornwall is a land steeped in legend but this salty business success story is no myth.

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

With the second-largest economy in Latin America, Mexico should be a core focus for UK exporters looking at the region

Travelstar European Ltd, one of the West Midlands’ leading coach hire companies, has moved to larger premises in Portland Street, Walsall,…

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

The UK’s aerospace industry is the focus of our second quarterly bulletin in partnership with EEF, the manufacturer’s organisation. We take…

Where Next?