Asset & Invoice FinanceNews

Aldermore completes £500,000 facility

Northamptonshire based Eureka Produce has agreed a new finance facility worth £500,000 with Aldermore.

The independently owned business has seen a £3.2m growth in sales over the last seven years.

Robert Hudson (pictured), managing director at Eureka Produce, said: “Eureka has gone from strength to strength since launch, however we took the decision to move finance providers as our existing lender could not offer the financial support we needed to maintain our trajectory.

“Aldermore has demonstrated great agility and flexibility, as well as a sound understanding of our business and sector.

“The support from the bank has meant we will be able to continue to grow, as we look to further increase our market share and fulfil our potential as a business.”

Stefan Radymski, business development manager of invoice finance at Aldermore, said: “Eureka Produce was established in the same year as Aldermore and is precisely the type of business that we were established to help.

“It has demonstrated impressive growth and we are thrilled to playing a part in its journey.”

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