Major funding support to drive transport business’s growth journey

Transport business Rotala has put fuel in the tank of its acquisition strategy after securing an “eight-figure” revolving credit facility.

It has agreed the support with HSBC, its new banking partner, as it targets a number of transport depots across the UK.

Simon Dunn, chief executive of Rotala, said: “HSBC demonstrated a clear understanding of the UK transport market and the kind of finance support a group like ours needs to grow. The revolving credit facility will enable Rotala to pursue its ambitious expansion strategy, both organically and through acquisitions.”

Rotala’s strategy focuses on high population areas with potential for economic growth, and in the last year has acquired Central Buses in Birmingham, Hotel Hoppa near Heathrow, and Manchester-based Go Goodwins. It plans to use 15% of its new facility to fund acquisitions.

It is targeting a 40% increase in turnover in the next five years to reach £100m annual revenues. Established in 2005, Rotala offers chartered and scheduled bus and coach services in the North West, South West, Midlands and Greater London.

Claire Brunning, HSBC’s area director for large corporate banking, said: “Rotala approached HSBC with a clear vision for the business and an understanding of the types of funding it would need to pursue its acquisition strategy.

“We look forward to being a part of Rotala’s journey during this exciting time.”

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