Bulletin

Santander funds expansion at motor home retailer

Elite Motorhomes Group, one of the UK's largest retailers of motor homes, has secured a £1.17m funding deal with Santander Corporate & Commercial that will help the family-owned group increase its stock levels and purchase the freehold on its Banbury site from non-family members. There is also flexibility for the funding to increase by a further £250,000 in January if market conditions remain conducive for further growth. The firm is on track to increase its turnover by 20% from £10m in 2015 to £12m in 2016, as it enjoys record customer demand. Andrew Bullock, relationship director for Santander Corporate & Commercial, said: 'Elite Motorhomes has developed into a leading brand in its sector thanks to the long-term foresight of the management team. The firm is clearly poised for further growth and we are delighted that Santander has been able to support the business at this key time.'

 

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
Cardiff-based Forward Waste Management

Money will support the company, which serves the manufacturing sector, with Welsh and West Midland growth plans.

Bulletin

Where Next?