Garden & Leisure garden centres form new relationship with HSBC

HSBC Corporate Banking in Bristol is to provide capital facilities to the Garden & Leisure Group.

The arrangement will cover all Garden & Leisure Group's seven garden centres which together turn over £42 million.

The business was founded as Cadbury Garden Centre in 1983 by Kenn and Jackie Lloyd.  Garden & Leisure Group was formed in 1997 with the support of Truffaut, a French specialist garden centre chain. 

Garden & Leisure Group has since bought six other garden centres across the south west and midlands.

Mark Bennett, HSBC head of corporate banking, West & Wales said:

"HSBC is delighted to be working with this very well established business to support their growth plans, particularly as we enter the busy summer period. The company has created a sound business model, driven by an impressive management team which highlights the quality of business thinking in the region today. We look forward to working with them."
 
The relationship at HSBC will be managed by Stefan Gunn, Bristol-based senior corporate banking manager.
 
Dave Murray, finance director at Garden & Leisure Group said: "We are an ambitious and growing business which requires flexibility to meet our strategic objectives swiftly and simply. Our relationship with HSBC will put us in a strong position to maximise opportunities, while their existing relationships with Truffaut in France and Truffaut’s parent company Louis Delhaize will ensure simplicity and help to create greater transparency for us as a Group. We look forward to working with our team on the ground in Bristol and their partners in France."


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