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Matthew Clark secures financing

Published:  26 June, 2012

Matthew Clark has secured a new credit facility with Barclays Bank.

The on-trade drinks wholesaler will have access to a £50m revolving facility up to June 2015. It has been a Barclays customer for 120 years.

The latest deal is a notable success amid tense relations between small-to-medium businesses and banks in the UK.

"This new agreement allows us to invest in our business to support growth, invest in significant capital expenditure and provide potential acquisition funding." said Matthew Clark's finance director, David Phillips.

The facility gives us the flexibility to pursue opportunities, in what will remain a challenging market," he added.