Visual communications provider signs £10m asset based lending deal
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About the Delta Group
The Delta Group design, print and distribute large format printed products for point of sale locations, including banners, posters, signage and three dimensional stands. Formed in 1991, the company has grown from a small screen printing start-up to a trusted partner of global companies, employing over 600 people across five sites.
What did they want to achieve?
With long term plans to grow the business and take on new contracts, Delta Group were looking to boost their available capital – and bring all their finance facilities under one roof.
How we helped
As they've banked with us since 2002, Delta Group naturally spoke to our asset based lending team about a new facility. We provided £10m in finance, to be used to help the company grow.
The cash accessed through asset based lending allows us to achieve our growth strategy. It's a great way to support our future activities as it's a flexible and fast way to access substantial funds.
Ray Houldsworth, Group Finance Director, Delta Group
We've worked closely with the management team at Delta Group and built up an excellent working relationship across the business. The support of our tailored asset based lending facility will help fund future investment in the business and we are excited to see what will be achieved.
Martin King, Director in Business Development, Royal Bank's asset based lending team
Agreeing an asset finance facility with us brought Delta Group's finances under one roof.
Accessing £10m via their company assets gave the business the financial flexibility to focus on growth.