Leicester textile company move away from high street bankers

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Leicester’s NJS (the NJ Screen Prints group), a textile printing firm, are switching their facilities from a high street banking provider for increased facilities, improved service levels and support together with the flexibility required to expand and diversify. This has led to a move to Shawbrook Bank.

The £4.7m asset-based lending facility provides the £20m turnover group with greater levels of working capital to fund its growing order book.

Andrew Wilebore, Managing Director of NJS and BWI said: “We are very pleased to have made the move to Shawbrook Bank. They see the potential of our business and made it clear they wanted to work with us.

“They took the time to understand our model so they could structure the right level of funding to support our growth objectives. They were proactive, working closely with a trade finance partner to develop an end-to-end solution”

Mark Parsons, Senior Relationship Director at Shawbrook Bank Limited said: “Whilst the UK retail sector is under pressure right now, we’ve spent a lot of time with the team at NJ Screen Prints to understand their plans and ambitions for the business.

“They’ve invested in building a facility which meets the requirements of today’s retail sector, offering quick turnaround times from design to shelf. Retailers are able to source rapidly high quality printed garments from an accredited supplier in the UK, without having to go to the Far East. We look forward to playing our part in this next chapter in the group’s growth story.”