Cheshire construction firm Pochin agrees £15 million RBS facility

Cheshire based construction and property development company Pochin, has agreed a new credit facility with Royal Bank of Scotland (RBS).

The announcement follows the recent take-private of the business led by CEO James Nicholson.

The new facility provides £15.2 million of investment and working capital. RBS is the sole provider.

James Nicholson said: “We believe strongly that the take-private of Pochin was a key step in helping us prepare our business for a period of sustained investment and growth

“Our new facility with RBS allows us to move forward in exciting market conditions, whilst continuing with the values forged over 80 years as a business noted for quality and service.”

Karen Johnson, Head of Real Estate at RBS Manchester, said: “We are delighted to support Pochin, who are exactly the type of growth business we look to work with. Its heritage, proven track record and future vision is an optimum mix”.

Pochin has recently announced the commencement of four high profile construction projects in the North West and North Wales.