Kings secure finance
02 August 2012
Kings Security Systems has forged a new partnership with Barclays to assist with its strategic growth plans. The move to Barclays includes a new funding deal which will provide working capital, sales finance and funding through the new National Loan Guarantee Scheme (NLGS), enabling the business to plan with confidence going forward.
Kings Security Systems was established in 1968 and provides an extensive range of retail loss prevention and commercial security systems to the UK market using innovative state of the art technology. Anthony King, Managing Director, Kings Security Systems Ltd said: “We’ve recently secured new contracts and felt that the time was right to find a new financial partner to support us in the next phase of our growth strategy. Barclays has provided a suite of banking products which includes working capital, sales finance and the new National Loan Guarantee Scheme, giving us the confidence and flexibility to explore new markets.”
The company, which employs over 400 staff and has a turnover of £25m is headquartered in Bradford. The new funding will provide the flexibility for the business to explore new products and services to meet their ambitious growth strategy.
Richard Howarth, Relationship Director at Barclays said: “It’s great to see Kings Security Systems continuing to develop and expand despite the current economic climate. The new funding means that the company is well placed to take advantage of opportunities arising and leaves the business well positioned for further growth within its chosen markets.”
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