Member Article

Secure Trust Bank reads the signs

Secure Trust Bank Commercial Finance has provided start-up business, MBM Display and Digital Limited, with a £50,000 invoice discounting line to support the acquisition of Tell Tale Signs.

The Lancashire-based company manufactures signs and offers advertising solutions to local businesses in the form of window graphics, plaques and murals. The facility provided by Secure Trust Bank Commercial Finance will be used to help fund the acquisition of Chorley-based manufacturer, Tell Tale Signs.

As part of the deal, the two companies will trade under the name MBM Display and Digital Limited. The facility will also be used to improve cash flow for the business and help fund new machinery, enabling them to fulfil their long-term growth strategy.

Brett Leefe, CEO at MBM Display and Digital Limited, said: “As a recent start-up accessing the necessary funding to maximise growth is often problematic.

However, it was clear after speaking to Secure Trust Bank that they were the right fit for the business, offering a quick turnaround that has allowed us to fund our needs as a growing business. This acquisition will allow us to break into new areas and help us achieve our target of doubling turnover in the next three years.“

Matthew White, regional sales director at Secure Trust Bank Commercial Finance, added: “MBM Display and Digital is a fantastic new business and needed some immediate funding to help with this acquisition. Our facility has provided the company with an excellent platform to expand into new markets, and we look forward to continue supporting Brett and the team at this exciting time.”

Secure Trust Bank is an AIM-listed challenger bank and a subsidiary of Arbuthnot Banking Group. It launched its Commercial Finance arm in September last year and has teams in Manchester, Birmingham, Newcastle, Bristol, the South Coast and London.

This was posted in Bdaily's Members' News section by Pablo Rodriguez .