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Spaceright Group equipped and ready to explore and expand

Spaceright Group Ltd

Spaceright has been manufacturing education and office products for a century. With a global reach, they supply products to educational wholesalers, commercial dealers, retail operators and export distributors across both the UK and internationally.

Santander kept in close communication with Spaceright Group as a long-term prospect. Spaceright transferred their banking services to Santander to pursue further growth and take advantage of its lending capabilities.

We’re delighted to be working with Santander. Their enthusiasm and understanding of our business needs are refreshing and supportive, as we look to continue our significant growth trajectory both domestically and in developing export markets.

Steve Ashton CEO, Spaceright Group Ltd

Working against tight timescales, ensuring no further costs were accrued from the previous lender, Santander were able to onboard Spaceright and provide tailored funding to support their growth plans to expand both domestically and in other international markets.

Spaceright is the ideal client given its international growth ambitions, driven by a high calibre management team.

We were able to differentiate our lending proposition via the introduction of a Trade Loan facility to help support the business’s upfront working capital cycle.

The refinance was the culmination of a collaborative approach to the banking switch, which saw the transaction close within eight weeks. We’re excited about supporting Spaceright’s future growth aspirations.

Michael McGregor Relationship Director, Santander