Partner Article

Bury’s toy wholesaler SAMBRO agrees multi-million pound capital facility with Barclays

Bury-based SAMBRO International Ltd has transferred its banking facilities to Barclays who have provided a multi-million pound trade and working capital facility to support the continued growth of the business.

SAMBRO is an importer and wholesaler of licensed merchandise such as children’s toys, bags & stationery, selling primarily to major UK and European retailers.

The business currently employs 103 people with a turnover of £40 million per annum. The previous two years have seen record sales and the management team are keen to work with a bank that can help the business continue to grow.

The company acquires licenses from the likes of Disney & Hasbro then designs bespoke product ranges for retailers before outsourcing their manufacturing under license to the Far-East.

The Barclays deal team was led by Relationship Director Matt Ryan, and Neil Dobson and Stephen Edwards from Trade & Working Capital.

Chairman of SAMBRO International Ltd, Brian Samuels, said: “We have developed a strong relationship with Barclays over the last couple of years and have been extremely impressed by their retail and wholesale sector focus as well as their proactivity and willingness to lend. “We want a bank for the long-term that supports our aims and ambitions with a relationship team who understand our business.”

Matt Ryan commented: “SAMBRO have a really strong management team, who have developed a robust business model and great products.

“They clearly understand the market and continue to innovate to capitalize on consumer demand for the licenses they hold.

“They have some really interesting growth opportunities which we look forward to helping them achieve.

“SAMBRO is a well-known North West business and one which we are proud to be associated with.”

This was posted in Bdaily's Members' News section by Sophia Taha .