John Hargreaves Limited, a family-owned cardboard manufacturer, has agreed a full ABL (Asset Based Lending) facility of GBP 6 million ($.3 million) with Aldermore, the specialist bank.
John Hargreaves has a bespoke state-of-the-art manufacturing facility with the ability to produce many types of corrugated cardboard and is the largest independent supplier in the UK. Turnover has doubled in the last three years with a commitment to sustainable future growth.
The new finance facility from Aldermore includes an Invoice Discounting facility as well as advances against Plant & Machinery and Property.
Founded in 1874, John Hargreaves specialises in the manufacturing of corrugated cardboard for end-users including packaging specialists, box manufacturers, exporters and storage, and freighting contractors.
