Denby Pottery seals £10m funding line

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Derbyshire-based manufacturer Denby Pottery has sealed a £10m funding deal with Secure Trust Bank Commercial Finance which replaces a similar arrangement.

Denby will use the facility to support the day-to-day cash requirements of its UK manufacturing base and multi-channel sales growth both domestically and internationally.

The business, which employs over 700 people in the UK, operates in the domestic market through wholesale partners, an e-commerce platform and selected premium designer outlets, including the flagship Denby Pottery Village store at its home site.

Sebastian Lazell, chief executive at Denby Pottery, said: “The backing from Secure Trust Bank is supporting our progress from a long-established heritage business to an increasingly premium, modern, international brand.

“While one element of our journey has been about expanding abroad, a large focus has also been placed on reinvigorating our UK core, with all of our stoneware ceramics made right here in Derbyshire. As part of this, we were looking to partner with an engaged, like-minded British bank.

“We found Secure Trust Bank to be supportive, keen to collaborate and the ideal fit to help the continued success of this made in England brand.”

Debbie Partridge, regional sales director, at Secure Trust Bank Commercial Finance, said: “Denby Pottery is a quintessentially British brand that is committed to delivering high-value products and has done so for more than two centuries.

“We were pleased to support its continued growth journey both at home and abroad as well as provide the security it needs for day-to-day operations through a straightforward and flexible facility.

“As part of this process we have built a strong relationship with the Denby Pottery management team and are delighted to be part of its continued success story.”

Secure Trust Bank Commercial Finance were advised by SIA Group, SJB Consultants UK and Shoosmiths. Wright Hassall Solicitors acted for Denby Pottery.