Barclays Corporate today announced it has provided a £1.2 million finance package to support the expansion plans of Bolton-based importer and distributor, Global Textiles (UK) Ltd.
The funding will support the business and help purchase a new warehouse and distribution centre. The newly acquired building in Burnley is ideally located and will provide the business with extra capacity to continue its strong growth story
The new facility was arranged by Miles Rothbury, Relationship Director at Barclays Corporate supported by Relationship Support Manager, Isabella Todd. Risk management solutions were provided by Alex Guidi, Director at Barclays Capital
Founded in 1999 by the current Managing Director, Arnold Forester and Sales Director Martin Goodman, Global Textiles has grown to be one of the most trusted suppliers of ready made curtains and bedding in the UK market.
Global Textiles Managing Director, Arnold Forester commented:
"We have a reputation for value, reliability and quality and the move to new premises in Burnley will enable us to meet our growth aspirations whilst maintaining the highest level of service for our customers. We have built a strong relationship with Barclays Corporate over the years as we want a bank for the long-term that provides us with strong support and who understands our market. The team at Barclays share our massive enthusiasm for the business and are particularly supportive of our expansion plans"
The funding package was put together by Barclays Corporate Relationship Director Miles Rothbury, who said:
"It really is a pleasure to see a local company go from strength to strength and buck the current market trend. Our long standing relationship, industry knowledge and ability to structure a bespoke banking package ensured we were able to support the business on this deal and support its future development. The newly acquired building in Burnley is ideally located and will provide the business with extra capacity to continue its strong growth story."
He continued, "Barclays Corporate remains committed to the North West business market and this deal highlights our appetite to support quality customers in a tough market and we look forward to helping the company further expand and grow."