Pictured: (l-r) Denys Shortt (CEO and Chairman, DCS Europe),
Andrew Butt (MD, Enable International), Jim Quantrill (Relationship
Director, Barclays Corporate), Richard Haighton (Director, Sales
Finance, Barclays Corporate)
Barclays Corporate has extended banking facilities of £19m
to DCS Europe - the UK market leader of sales and distribution of
health, beauty and household brands. As a result, the business has
moved its' banking operations to Barclays Corporate in recognition
of the bank's support for its ambitious growth plans.
The facilities will support the expansion of the Group which
operates from its 11 acre site in Stratford-upon-Avon and which
employs over 250 people. DCS is the official UK distributor for
Procter & Gamble, Unilever, Colgate and many more. The
company's own brand 'Enliven', which consists of a range of 75
products, is produced in their new factory as well as the
manufacturing of a number of own-label products on behalf of
retailers such as Superdrug, Next and Wilkinsons.
As well as expanding its repacking and manufacturing divisions,
DCS is now looking for further global growth in export markets,
building on its presence in 70 countries.
Commenting on the deal, CEO of DCS Europe, Denys Shortt said:
"Our deal is proof that the banks are lending in these tough times
despite what the newspapers say. We are continuing to grow the
business following the investment in our facility in Stratford
earlier this year and we will to continue to develop all areas of
the business to create jobs and growth. Jim and the Barclays
Corporate team have been extremely focused on our business and
future potential and we have been impressed with their
professionalism and specialist proposition for the retail and
wholesale sectors."
Richard Haighton, Regional Director for Barclays Sales Finance
added: ''By increasing the facilities available to DCS, Barclays
Corporate recognises the potential of the business to continue its
remarkable growth story and was keen to provide additional support
to a management team with such drive and vision."
Jim Quantrill, Retail and Wholesale Relationship Director for
Barclays Corporate in the Midlands said: "DCS is terrific local
success story that is well placed for the future, with a highly
respected management team and clear strategic growth plans."