Aldermore praised for flexibility in finance deal

It is the largest independent supplier in the UK with turnover doubling in the past three years.

The new finance facility from Aldermore includes an invoice discounting facility as well as advances against plant and machinery and property, which will fund an increase in production.

John Hargreaves, managing director of John Hargreaves (C&H), said: “Through the journey of speaking to various banks, Aldermore immediately shone through. The team demonstrated from the outset its flexibility to create a bespoke funding package that met our present business needs and our future objectives as well.

“Compared to our previous interactions with other banks, Aldermore has provided a refreshing change. This funding will allow us to secure our supply chain and maintain our competitive purchasing position in the market.”

Tom O’ Dell, business development manager at Aldermore, said: “The company has a proven track record and the long history as a family business is a great story to be a part of. We hope we can continue to work with the business to deliver the support it needs for future success.”

Established in 2009, Aldermore has grown significantly. At the end of June 2017, lending to customers stood at £8.1 billion.