Shawbrook Bank provides £5.5m funding solution to support growth plans for PPS Equipment Holdings Ltd

• PPS Equipment Holdings Limited (PPS) is the UK leading provider of returnable transit equipment services and plastic storage products for clients in the retail, automotive and food manufacturing sector

• The £5.5m bespoke funding package from Shawbrook provides additional cash flow for PPS to exploit growth opportunities

Shawbrook Bank has provided PPS a £5.5m bespoke funding package to facilitate the business expansion to meet market demand across a number of sectors which it serves.

Established in 2002, PPS has delivered continued growth in their 15-year history both organically and through acquisition. The Group employs more than 150 people across 3 strategically located sites successfully positioning itself as a ‘one stop shop’ for reusable packaging and storage solutions across multiple industry segments. With the stringent hygiene regulations around food manufacturing and the time and space constraints businesses are facing, PPS are well positioned to benefit from continuing growth.  

Joanne Lee, Managing Director and Jeremy Tutt, Finance Director at PPS Group say:

“Working with Shawbrook we now have a funding structure in place that will help us to deliver on the exciting plans we’ve got for this business. Certainty is key for any business, and we were impressed with the Shawbrook team’s commitment to deliver on their original funding proposal.”

Mark Parsons, Managing Director of Corporate Lending - Midlands, North and Scotland at Shawbrook Bank says:

“PPS has quite a unique set up, combining essential container management services with the provision of environmentally friendly packaging. As a result, their services are in high demand and they also need flexibility to cater for the seasonal variations in the marketplace. We understood these requirements and worked with Joanne, Jeremy and the team at PPS to provide an all-encompassing package that will help them grow their business.”