Brookson signs £3.1m funding deal with RBS
Accountancy firm secures finance through government’s Funding for Lending Scheme
Accountancy and tax advice service Brookson Group Ltd has closed a £3.1m funding deal with the Royal Bank of Scotland (RBS).
Provided through the Funding for Lending Scheme, which offers finance to banks from the Bank of England in an effort to incentivise lending, the cash injection involves refinancing of existing debt and financial support for the company’s new initiatives.
Founded in 1995, Brookson specialises in providing financial advice and services to contractors, sole traders and self-employed professionals.
Following the recent launch of the accountancy firm’s online platform for technology-enabled accountancy and tax services, it is hoped that the additional funding will aid the company’s continued growth.
Martin Hesketh managing director of Brookson, which has been an RBS client since 1999 commented: “I am delighted the bank has once again supported us at a significant point in our development – it is a tangible demonstration of RBS’s confidence in Brookson’s financial performance and the growth opportunity that lies ahead of us.”