Supplier NMA goes for growth after securing £1m funding
A machinery distributor is targeting growth after securing a £1m funding package from Santander Corporate & Commercial. Brighouse-based NMA (Agencies), a major supplier to leading brands such as Screwfix and Homebase, has received around £1m in new funding from Santander as part of a full banking switch to help the firm achieve its forecast growth plans. It has enabled the business to move into bigger premises, which will serve as its long-term base. Managing director Neil McEwen said: 'We are respected beyond measure for the unparalleled service we provide to our nationwide customer base, and now have strong aspirations for future growth – particularly among our portfolio of well-known wholesale clients. The support from Santander Corporate & Commercial is very much part of this growth initiative.'
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