The new credit facility underpins Keltbray’s 2022 year-end liquidity position of £44.1m and supports its continued growth plans.
Chief executive Darren James said: “The new funding facility provides the platform for the next stage of exciting growth in key strategic markets, unleashing our potential to support the economic recovery across the UK.”
Chief financial officer Peter Burnside added: “This single bank arrangement with our long-time financial supporter, Santander directly supports our strategic plans to grow the quality and diversity of our order book. It is further evidence of the strength of our relationship with our existing bankers, and continues to demonstrate the attractiveness of Keltbray’s credit profile with our clients and supply chain partners.”
Keltbray currently has secured orders worth £526.4m.