Tailored Recruitment Services Ltd (TRS), who provide temporary warehousing and logistics staff to the Retail sector, has transferred its banking to Barclays and secured new funding to grow the business.
TRS have refinanced their existing facilities and secured additional working capital totaling £5.75M helping secure the employment of over 2700 staff throughout the UK. The deal was arranged by Steve Butler and Gemma Bergqvist of Barclays Corporate Banking team in Liverpool and TRS were advised by Paul Rothwell of Myersons Accountants in Ormskirk.
Established in 2004, TRS is headquartered in St Helens with five regional offices providing nationwide cover to major UK retailers and automotive manufacturing companies.
Alan O’Grady, Director at TRS, said “TRS has achieved significant organic growth which has seen the company increase turnover in recent years. We have been impressed with the appetite of the Barclays team and we want a bank that supports our growth ambitions with a relationship team who understand our business. The team at Barclays share our massive enthusiasm for the business and are keen to support our plans to expand.”
Steve Butler, Relationship Director for Barclays, said: “It really is a pleasure to see a local company go from strength to strength and perform fantastically well in what have been some challenging trading conditions. Our long standing desire to assist TRS, our industry knowledge and ability to quickly put in place a bespoke banking package, ensured we were the natural choice to support the business in its future development.”
