Anne Ganley with Ed Miliband.

NE leading family business in £3m refinance deal

Published:  30 August, 2012

SUNDERLAND: Thompson Building Centres has successfully secured a £3m-£5m investment after completing a refinancing deal, allowing the company to consolidate and implement its plans for “cautious growth.”

The refinancing will be used across all the Thompson group of companies including TAPS plumbers’ merchants and Thompson Waste Management.

Managing director Anne Ganley said the decision to refinance with Bibby Financial Services was down to a number of factors. “There has been interest from a number of banks in securing the company’s business but we decided to take our time and consider our options before moving forward.

“For us, Bibby Financial Services won hands down. I liked that they were very proactive and driven but at the same time that approach was coupled with very traditional values.

“The fact that the company also had a base in Sunderland and we had a close relationship with their team was also a deciding factor, they clearly knew and understood our business and our sector.”

Mrs Ganley added that in the current business climate the focus was very much on “growing our existing sites and ensuring that our customers are very well looked after.”

“We won’t be looking at any rapid expansion but will be looking at some cautious growth which will include the possible opening of further branches of TAPS,” she said. “But our main focus will be looking after the branches we already have and ensuring our existing customers continue to get first class products and services.”

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