Gordons advise Lloyds Bank on £3m growth plan for Lexia Solutions Group
Tuesday 2nd February 2016
Gordons has advised Lloyds Bank Commercial Banking on a £3m invoice finance credit facility to Lexia Solutions Group as they embark on an ambitious five year growth plan.
It will be the company’s largest project in its history following a growth plan backed by the bank as the construction sector continues to bounce back following the recent economic downturn.
Lexia, which offers a range of asbestos removal, demolition and associated services through its three subsidiary businesses, Rhodar, Bagnall and Thermac, has also recently commenced work on the Millennium Mills in the Royal Docks area of London, to prepare the way for the creation of 3,000 new homes.
The facility will enable the firm, which has a net turnover of £50m, to drive further growth through a combination of new business and improved efficiency, as well as by continuing to invest in its 509 staff.