海角视频

Exeter-based engineering tool distributor Troy (海角视频) Ltd has received a 拢25m loan which will enable it to realise its ambitious growth plan.

The company, based at Exeter Skypark, has seen revenue grow from 拢30m to more than 拢200m a year during the past decade and wants this to hit 拢500m in next five years

Santander 海角视频 is now supporting Troy 海角视频 with a 拢25m funding package which will give the company the capability to continue its success and fulfil its growth plans.

Troy 海角视频 is among the country鈥檚 largest tooling and industrial supplies buying groups and offers extended business support for its members.

Troy 海角视频 was established in 1986 and operates by providing discounts to its members on its wide range of products from more than 400 suppliers that span cutting and precision engineering tools; hand and power tools; personal protective equipment, hygiene and janitorial products; maintenance, repair and overhaul equipment and products; fasteners; and vendor managed inventory services.

As well as Troy 海角视频 members benefiting from the group鈥檚 collective buying power, it also supports its membership with access to an extended team of specialists and bespoke services that help the independent members to scale and grow.

This enables them to compete with multinational tool retailers while retaining the flexibility and customer service levels that only an independent business can provide.

The group鈥檚 revenue has grown from 拢30m to more than 拢200m during the past decade and, with more than 120 employees, it was placed at number 19 in the Western Morning News鈥� list of the South West鈥檚 largest firms in 2020.

Troy 海角视频鈥檚 growth has been driven by acquisitions through its vertical integration strategy as well as acquiring THS Group in 2017, and organically by attracting new members and supporting them to grow thereby increasing sales. It has grown its membership from 80, in 2010, to 403 currently.

The group鈥檚 five-year business strategy focuses on achieving continued growth by supporting its current members to grow their businesses, attracting new members, increasing wholesale trade through a white label offering via its Trojan Tools Ltd business, and further acquisitions via its vertical integration programme.

As part of its work to support its members to grow their businesses, it has launched exclusive business solutions to help them compete with their national competitors.

These include providing members with white labelled, fully transactional e-commerce websites that integrate with their counter and trade catalogue sales, with Troy providing back-end website technical support and expertise for free.

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Paul Kilbride, chief executive of Troy 海角视频 said: 鈥淲e have banked transactionally with Santander 海角视频 for many years and established a brilliant relationship with the team at the bank. When there was an opportunity to move our funding, my first port of call was Santander 海角视频 because the team has inspired such confidence as a banking partner over the past years.鈥�

Simon Whyatt, relationship director at Santander 海角视频, said: 鈥淭hanks to its many years of experience and strong focus on customer service, our long-time client Troy 海角视频 has done a brilliant job of growing solidly over the past year despite the challenges posed by the pandemic. We are delighted to provide it with this latest funding package which complements the day-to-day banking support, trade finance, property loans and foreign exchange services we have provided it over the past decade.鈥�