'Game-changer' finance package sees Glaswegian business secure new international customers

Glasgow-based audio-visual integration specialist SSUK, has secured new international and local customers following a six-figure finance package from Santander UK.

SSUK is a leading specialist in providing Audio visual and lighting solutions – such as interactive technologies, meeting room solutions, signage screens and video walls – for businesses across the UK. A £500,000 invoice finance package from Santander UK means the business has had capacity to secure new customers from various sectors including retail, sports and higher education.

The business has been operating for 20 years and specialises in tailored solutions for its customers. It has also secured £280,000 to purchase the premises in Glasgow, cementing the future of the business.

The funding will see SSUK’s annual turnover increase by a further 15% and create 10 jobs locally – on top of the 50 people the company already employs. SSUK has grown from strength-to-strength in recent years, having increased its turnover by 55% between 2015 to 2017 alone.

Keith Forbes, Managing Director, SSUK, commented: “This funding is a game-changer for us and our business. We have been providing audio visual solutions for businesses across the UK for 20 years – but we see this as a step-change to increase our customer base, employ more staff locally and become the leading AV solutions provider in the country.”

David Baillie, Relationship Director, Santander UK, added: “SSUK has a proven track record in providing unique solutions for its customers across the UK and has experienced rapid growth in recent years. We are delighted to partner with such a specialised business and look forward to seeing it grow even further.”

- Ends -

The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.

Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. It has brought real competition to the UK, through its innovative products for retail customers and relationship banking model for UK SMEs. At 30 June 2019, the bank has around 24,000 employees. It serves around 15 million active customers, via a nationwide branch network, telephone, mobile and online banking; and 62 regional Corporate Business Centres. Santander UK is subject to the full supervision of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the UK. Santander UK plc customers’ eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) in the UK.

About Us
Banco Santander (SAN SM, STD US, BNC LN) is a leading retail and commercial bank, founded in 1857 and headquartered in Spain. It has a meaningful presence in 10 core markets in Europe and the Americas, and is the largest bank in the euro zone by market capitalization. At the end of June 2019, Banco Santander had EUR 1.03 trillion in customer funds (deposits and mutual funds), 142 million customers, 13,000 branches and 200,000 employees. Banco Santander made underlying profit of EUR 4,045 million in the first half of 2019, an increase of 2% in constant euros compared to the same period last year.

Media Enquiries
Lara Lipsey      T: 020 7756 4518      M: 07713 560 209      E: Lara.Lipsey@santander.co.uk  
Millie Allen       T: 020 7756 4221      M: 07845 051 938      E: millie.allen@santander.co.uk

Follow @santanderuknews on Twitter

The Santander press office operates from 8.00am to 6.00pm. Outside of these hours please call 0800 5877708.