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Business & Economy

Anglo Scottish Asset Finance secures £500,000-plus finance to boost Rapid Retail growth

A broker has helped a retail rental firm secure a number of brands after finalising a finance deal worth more than £500,000.

Chester-le-Street-based Anglo Scottish Asset Finance is helping Rapid Retail.

The finance was landed for three separate contracts, with £300,000 helping to secure a contract with the Co-op; £100,000 to provide a shirt printing facility to a Premier League football club; and £110,000 to provide a fitting for Millwall Gymnasium.

Based in Worcestershire, Rapid Retail designs and creates pop-up shops, portable buildings and container conversions for sports venues, supermarkets, events and shopping centres.

It has worked with a number of well-known brands including Ascot, Reebok, NFL and Greggs.

Warren Badger, Anglo Scottish Asset Finance commercial director, said: “Rapid Retail is experiencing exponential growth and we are working with the business to put in place a plan for the next seven years of funding, to allow for seamless expansion.

“Building lasting relationships is the foundation upon which Anglo Scottish has been built, and we do this by continually communicating with our clients to ensure we have their every need covered.”

Nick Daffern, Rapid Retail managing director [pictured, above, left, with Warren Badger], added: “Anglo Scottish is the cornerstone of our business, enabling us to constantly grow and push for bigger contracts.

“It has a plethora of lenders and an expert team that always finds the best deal.

“Anglo Scottish is a champion for every sized business, whereas banks are more aligned to working with larger corporations and have strict criteria for lending, which most small to medium-sized enterprises simply cannot meet.”