Â£15m facility for Pochin
Cheshire construction and property group Pochin has secured a new £15m credit facility.
The Middlewich-based company was taken private earlier this year in a deal led by chief executive James Nicholson, who is the grandson of the company's founder.
The new facility with the Royal Bank of Scotland provides £15.2m of investment and working capital.
James Nicholson said: "We believe strongly that the take-private of Pochin was a key step in helping us prepare our business for a period of sustained investment and growth
"Our new facility with RBS allows us to move forward in exciting market conditions, whilst continuing with the values forged over 80 years as a business noted for quality and service."
Karen Johnson, head of real estate at RBS in Manchester, said: "We are delighted to support Pochin, who are exactly the type of growth business we look to work with. Its heritage, proven track record and future vision is an optimum mix."