Lees-based Spic N Span eyes growth with Barclays loan
A dry cleaning business in Greater Manchester has set its sights on growth after securing financial support from Barclays Business.
Lees-based Spic N Span, a provider of hand-finished dry cleaning services, has used the undisclosed loan to support the purchase of its St Thomas’s Parade premises.
The company is owned by Iqrar Mohammed, whose father has operated dry cleaning firms for more than 30 years.
Iqrar believes the deal has given his company a solid platform for growth in the future.
He said: “Barclays have shown great faith in our family businesses over the years and I am very excited about my first venture into the dry cleaning industry.
“I have learnt a great deal from my father over the past few decades and I am proud to be running my own business alongside my sister and brother who also have their own shops.”
He added: “The business is in a great position to grow over the next few years and we are grateful for the continued support of Barclays, who are an integral part of our team.”
The arrangement was structured by Barclays Business Manager Wayne Dixon.
Wayne commented: “By working closely with the family and really understanding their various businesses, Barclays has been able to support Iqrar as he embarks on his own journey in the dry cleaning business.
“The opportunities are there for dynamic people who want to run businesses they are passionate about, and we want to help them achieve those ambitions, in the right way.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Taking advantage of the opportunities ahead
Accountability isn’t the enemy of empathy
Act now to avoid a last-minute tax scramble
How inner-city living can transform a city by the sea
Artificial intelligence's value is the time it gives back
Why we must break the magnetic pull of London
AI scepticism is healthy - inaction isn't
What does NPPF mean for planning gain and pricing?
What new NPPF rules mean for landowners
The hidden cost squeezing Britain's economy
Teesside deserves more than cashback devolution
Construction must be built on commercial discipline