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Thompsons in refinancing deal

Independent north east builders merchant Thompson Building Centres has completed a refinancing deal.

Thompsons in refinancing deal

The Sunderland-based builders merchant will receive investment of between £3m and £5m through the deal with Bibby Financial Services, allowing it 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 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.”

Thompsons managing director Anne Ganley with Labour leader Ed Millband

Thompsons in refinancing deal

Independent north east builders merchant Thompson Building Centres has completed a refinancing deal.

The Sunderland-based builders merchant will receive investment of between £3m and £5m through the deal with Bibby Financial Services, allowing it 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 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.”

Thompsons managing director Anne Ganley with Labour leader Ed Millband

About Fiona Russell-Horne

Fiona Russell-Horne
Editor-in-Chief across the BMJ portfolio.

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