Express Solicitors Nets £10m RBS Cash Deal

Funding RBS

Express Solicitors has secured a £10.06m funding package with The Royal Bank of Scotland.

It will form an acquisitions war chest for the Northenden business, as well as providing funding for its day to day working capital needs.

Based near Manchester airport, Express specialises in every area of personal injury claims, including employer’s liability, road traffic accidents, serious injuries, clinical negligence, occupier’s and public liability and industrial disease.

The company was set up by James Maxey in September 2000 and has since enjoyed rapid growth and expansion, securing an average of 30 per cent organic year on year growth for the last 14 years.

Maxey, managing partner, said: “We have had great success during the course of the last 14 years, achieving continuous growth and establishing an excellent reputation amongst clients in the personal injury industry.

“Since 2012 alone the number of cases we have on our books has risen from 2,355 to 6,833 which shows just how quickly our business is expanding.

“The funding package we have secured with RBS will enable us to focus on the growth of the business without having to compromise on other areas.

“It is our intention to begin to look at more competitor acquisitions as an additional means of securing growth and the funding will support this.”

Steve Taylor, senior relationship manager at The Royal Bank of Scotland, said: “We are delighted that we have been able to support Express Solicitors with the funding package.

“The management team has a very clear set of objectives for the company and their success in recent years has shown just how dedicated they are to achieving these results.

“We look forward to continuing to work with the firm and to help them achieve their growth ambitions in the future.”

Maxey added: “Steve and the team at RBS have been fantastic and have worked alongside us to develop a package that will work with our growth strategy in the long term.

“We have banked with RBS since we first set up Express Solicitors and their support has been excellent from the start.”

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