Member Article

London visual communications specialist lands seven-figure funding to support growth

London-based Delta Group is planning international growth after securing a £10m Asset Based Lending facility with Royal Bank of Scotland’s Asset Based Lending team.

Formed in 1991, the visual communications specialist provides innovative solutions for retailers, brands, and entertainment companies.

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 £10m Asset Based Lending facility structured by Royal Bank of Scotland supports Delta Group’s investment strategy to grow the business and secure further new contract wins.

It currently has offices in London, Waltham Green, Leeds, Dublin and Los Angeles. The Delta Group has banked with Royal Bank of Scotland since 2002 and was recently introduced to the Asset Based Lending team.

Ray Holdsworth, Group Finance Director at Delta Group, said: “Delta Group has enjoyed significant growth since its inception and we are very excited for the year ahead as we look to expand the business even further. We were looking to bring our financial facilities under one roof and it made sense to talk to our banking team at Royal Bank of Scotland 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 Business Development, Royal Bank of Scotland Asset Based Lending said: “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”

This was posted in Bdaily's Members' News section by Ellen Forster .