Red Rose

GE Commercial Finance’s Business Finance unit has provided a £1 million refinancing deal to Red Rose Packaging Ltd.

Based in Stockport, Red Rose Packaging Ltd is a member of a group of packaging companies, alongside Joseph Pickering & Sons and Swift Packaging. Together they offer total packaging solutions, fully supported by their in-house design and technical support team.

The refinance package comprised of invoice discounting and replaced an existing deal from another provider.

Comments

Robin Batchelor, Red Rose Packaging Ltd, commented: “We pride ourselves on product quality and customer service - our long standing client base is testament to this approach. Richard Ackers and his team at Business Finance were not only able to offer the new package within a week, but provided a tailored solution accommodating both the recent growth in sales and future anticipated growth without the need to revisit the existing funding structure. This was the key differentiator for us as it meant management was able to get on with delivering the business objectives, ensuring our business focus remained uncompromised.”

Richard Ackers, GE Commercial Finance, Business Finance Director, said: “Red Rose Packaging Ltd has been established for over 20 years and employs a packaging designer that works closely with customers which really sets them apart from their competitors. We look forward to working with the company to further develop and grow the business.”

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