
Secure Trust Bank has provided a ?.
Established in 1976, BCE Distributors is a global supplier of Riley Snooker tables and cues, exporting to over 50 countries across Europe and Asia.
In its latest financial results, the Bristol-based supplier achieved a turnover of ?£4m and aims to increase revenues by ?£1m within the next two years.
The firm plans to use the funding to tap into the US market as well as hire five staff members, taking its headcount to 25.
Stuart Lacey, managing director at BCE Distributors, said it had carried out a thorough search of the lending market before opting to take advantage of Secure Trust Bank's flexible approach.
“We look forward to growing our business and, thanks to Secure Trust, the envisaged strategy can now become reality.'
David Parsons, strategic development director at Secure Trust Bank Commercial Finance, said: “We are delighted to be working with BCE Distributors.
“The business has fantastic potential and we are pleased to be able to offer a flexible finance facility to meet its requirements.
“With this new line of funding, the business is in a strong position for growth, with considerable demand for its products from overseas.
“The export market presents great opportunities, and with the business looking to expand into the US, we look forward to continuing to support Stuart and the team in the coming months.'
-
Temenos partners with ClearBank for cloud payments
Banking software company Temenos has formed a strategic relationship with ClearBank to provide banks with a faster route to market for real-time cloud payments...
-
Unity Trust Bank registers 34% rise in profits
Unity Trust Bank increased profits by 34% in 2019...
-
Believe the hype – why explainable AI is a trend that’s here to stay
Technology has become a ubiquitous part of our day-to-day lives...
-
Piloting tech updates: ‘The bigger the bank, the harder it is to get anything done’
In the latest Medianett filmed roundtable session, we discussed how important technology is in the banking space, and what impact the industry expects it to have on its businesses in the future...
-
What banks need to know about cloud security
One of the most common perceived concerns when adopting the cloud is the issue of security...
-
OakNorth sees 95% increase in pre-tax profits
OakNorth Bank has announced a 95% rise in pre-tax profits in 2019 to £65.9m, up from the £33.9m recorded in 2018...
-
Redwood Bank signs up to Women in Finance Charter
Redwood Bank has announced that it has signed up to the Women in Finance (WIF) Charter...
-
Masthaven launches digital Women in Leadership programme
Masthaven Bank has launched a new Women in Leadership digital development programme for female senior leaders...
-
Protecting against supply chain disruption and the domino effect
Disappointingly, many UK SME business owners don’t understand their supply chains...
-
Confused about which Isa to choose? Hopefully this mini-guide will help…
We are now firmly in Isa season, so you’re likely to read multiple articles about the most competitive Isa products in the market and how best to make the most of your Isa allowance before the end of the tax year...
-
Garden shed entrepreneurs contribute £16.6bn to the UK economy
Entrepreneurs who run their businesses from garden sheds contribute £16.6bn annually to the UK economy, according to a recent study...