Transport & Distribution

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

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…


Mexico is predicted to become one of the world’s top 10 economies in the next 10 or 20 years.

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?