- Visual communications specialist secures funding to support growth plans
- £10m asset based lending facility arranged through our asset based lending team
London-based Delta Group is focused on growth after securing a £10 million funding facility from our asset based lending team.
The Delta Group is a visual communications specialist, providing innovative solutions for retailers, brands, and entertainment companies. 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. Today Delta Group is one of the market leaders in design, print and distribution of large format printed products for point of sale locations, including banners, posters, signage and three dimensional stands.
The £10 million asset based lending facility supports the group's strategy to grow and secure new contracts. It currently has offices in London, Waltham Green, Leeds, Dublin and Los Angeles. The Delta Group has banked with Royal Bank since 2002 and was recently introduced to the asset based lending team.
Ray Houldsworth, Group Finance Director at Delta Group:
"We were looking to bring our financial facilities under one roof and it made sense to talk to our banking team first, who introduced us to Martin King in the asset based lending team.
"The cash accessed via the asset based lending facility gives us a platform from which to achieve our growth strategy. The facility works well for our business because it allows us to access working capital via our company assets. It is a great way to support our future activities giving a flexible and fast way to access substantial funds.'
Martin King, Director of Business Development (invoice finance team):
"We have worked closely with the management team at Delta Group and built up an excellent working relationship across the business. The support of a tailored asset based lending facility will help fund future investment in the business and we are excited to see what will be achieved."
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