PI law firm gets £17m helping hand

PERSONAL injury law firm Express Solicitors in Greater Manchester has agreed a £17m funding deal with the Royal Bank of Scotland.

Established in September 2000 by managing partner James Maxey, Express Solicitors has enjoyed rapid growth and expansion to date, with annual fee income currently amassing £12m.

The new funding deal is set to support the company as it focuses on achieving its strategic growth aspirations of securing a 60% increase in fees, amassing to £20m, by 2021.

Based in Northenden, near Manchester airport, Express Solicitors specialises in every area of personal injury claims including employer’s liability, road traffic accidents, serious injuries, clinical negligence, occupier’s and public liability.

The deal with RBS, brokered with its relationship director Steve Taylor, comprises working capital and loan facilities.

James Maxey, managing partner of Express Solicitors, said: “Our business is continuing to go from strength to strength and we are expanding rapidly.  We have a very strong growth strategy in place for the next five years and are focused on achieving our goal of £20m annual fee income.

“The funding package we have secured with Royal Bank of Scotland will provide us with day to day working capital support, enabling us to focus on the growth of the business without having to compromise on other areas.
 
“We have worked with Royal Bank of Scotland for 16 years now and feel that we have had excellent support from the bank throughout our history.”