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Friday 12th March 2010
12 March 2010
GSH has secured an £8m finance package to help it continue its growth strategy.
The group, which employs 1,900 people and has a turnover of £239m, secured the package from Yorkshire Bank, which said the funding will help GSH fulfil its long-term strategy.
“The company’s core facilities management expertise combined with its niche energy efficiency offering will help to drive its future growth,” said Steve Drury, from Yorkshire Bank’s Corporate and Structured Finance team.
It added that there was potential for expansion into other areas by acquisition.
After four years on AIM, the majority shareholder Ian Scarr-Hall de-listed the business.
Last month, the group appointed Paul Cottam as managing director, UK & Ireland.
GSH has secured an £8m finance package to help it continue its growth strategy.
The group, which employs 1,900 people and has a turnover of £239m, secured the package from Yorkshire Bank, which said the funding will help GSH fulfil its long-term strategy.
“The company’s core facilities management expertise combined with its niche energy efficiency offering will help to drive its future growth,” said Steve Drury, from Yorkshire Bank’s Corporate and Structured Finance team.
It added that there was potential for expansion into other areas by acquisition.
After four years on AIM, the majority shareholder Ian Scarr-Hall de-listed the business.
Last month, the group appointed Paul Cottam as managing director, UK & Ireland.