25 May 2024, 18:53
By Furniture News Aug 05, 2014

Lee Longlands selects new banking partner

Retailer Lee Longlands has announced RBS as the company’s new banking partner, after agreeing an undisclosed funding deal with the bank.

The appointment is made as Lee Longlands sets out its future growth and development plans, which will involve substantial investment in key areas of the business.

The company has six stores across Oxfordshire and the Midlands located in Abingdon, Cheltenham, Leamington Spa, Derby and Birmingham.

Darren Campo, financial director for Lee Longlands, says: “As the business changes we need to bring in a major financial organisation to help us manage and drive future developments. Refinancing with RBS was an extremely important part of our overall corporate strategy and is critical to us achieving our forward strategic goals.”

Ian Morgan, relationship director at RBS, adds: “Lee Longlands is a well-established business and we are delighted to be working in partnership with them as they seek to invest in further growth. They have recorded impressive turnover figures over recent years and we look forward to helping them achieve their aggressive future targets.”

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