Filtronic create waves in key markets
Filtronic PLC
Filtronic designs and manufactures products that transmit, receive and condition radio signals for critical communication networks.
They wanted to grow and were looking for a single banking provider with connections in the US. That’s where we came in. Our dedicated relationship team met Filtronic in person and set up an introduction to our team in the US. We provided a £5m Revolving Credit Facility with £1.5m allocated for the US.
Filtronic now have dedicated support and resources to support its growth.
Filtronic has a rich history of innovation. Some of the industry’s leading engineers have developed its product portfolio. Filtronic have achieved rapid growth after signing a 5-year strategic partnership with Space X.
We invited them to global events, including our Economic and Market Outlook series. They were impressed with our global presence and the resources available.
Santander provided financing for the execution of our growth and scaling efforts.
Their strong regional and global positioning ensured we had the right infrastructure and expertise to navigate key markets effectively.
Santander’s relationship-focused approach gave us confidence in their ability to understand our business needs and provide tailored solutions to support our long-term goals.
CFO, Filtronic PLC
We provided a £5m Revolving Credit Facility with £1.5m allocated for the US. We also offered Foreign Exchange and full-service banking. They’ve since reduced their costs and improved financial efficiency, giving them more time to focus on growth.
We’re delighted that Filtronic has chosen Santander to be their banking partner to support the growth of the business both domestically and in the US. By combining cutting-edge design and advanced manufacturing capabilities, Filtronic is experiencing a period of significant growth. The strategic partnership secured with Space X represents the best of British industry. We’re proud to support such a flagship business.
Relationship Director, Santander