NEWS

Sambro secures working capital facility to finance growth

Published on: 8th January 2021

Sambro International has announced that the company has secured a new working capital facility to the tune of £13m to finance future growth.

Toy manufacturer and distributor Sambro International Ltd says the company is assessing growth opportunities after securing the £13m funding package with Barclays Bank.

The Manchester based business achieved strong sales in 2020, despite the challenges imposed by the pandemic.

Speaking of the new financing deal, Tony Hicks, CEO of Sambro International, commented: “We are delighted to be working with the Barclays’ team and have been very impressed with its desire to understand our business and build a strong partnership approach. The next few years will be very exciting for our business.”

Tom Falcon, chairman of Sambro and partner at Elysian, said: “We have been really impressed by Sambro’s resilience and business improvements over this challenging period. Combining Sambro’s highly capable team with Barclays Bank support, the platform has been laid for a period of accelerated growth. Sambro can pursue new opportunities and markets and we are excited by the future for the business.”

Matt Ryan, head of North and Midlands Large Corporate Retail & Wholesale at Barclays added: “Barclays has been building a close relationship with Sambro International since it was acquired by Elysian in 2016, and I’m delighted to see this latest working capital facility put in place to support the company’s continued growth aspirations.”

Sambro currently employs more than 90 staff and has offices in Bury, Hong Kong and Amsterdam.

 

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