Wholesaler renews bank deal | Scottish Licensed Trade News

Scottish Licensed Trade News

Wholesaler renews bank deal

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MATTHEW Clark has struck a new finance deal with Barclays Bank.

And it could signal moves by the wholesaler to expand its business through acquisitions.
The three-year credit agreement provides the on-trade supplier with credit facilities worth £50 million to June 2015.
“We’re delighted to continue working with Barclays, and this new agreement allows us to invest in our business to support growth, invest in significant capital expenditure and provide potential acquisition funding,” said Matthew Clark finance director David Phillips.
“We have a long history with Barclays and they understand our business and our vision for growth over the next few years.
“The facility gives us the flexibility to pursue opportunities in what will remain a challenging market.”
Barclays said the deal will help take the firm to the “next level”.

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