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Secure Trust Bank funds SME's US expansion

Jordan Williams | 17:24 Wednesday 10th May 2017

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.'

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