Direct Golf UK awarded multi-million funding

Direct Golf UK has secured a £3.5 million funding package from the Royal Bank of Scotland to help further grow the business in 2013.

Established in 1991, Direct Golf UK has grown from one store in Huddersfield to 21 stores across the UK, employing over 300 staff including 50 PGA professionals.

"Our aggressive retail openings in the last few years were funded purely from our own cash flow. A poor summer in 2012 increased this pressure on our cash flow, which meant I had to personally inject over £500k into the business." Said Andrew.

"As a result, we sought funding to allow us some room to breathe and this funding package with RBS allows us to focus on the future of our business, to pay our suppliers and take our settlement discounts, which add up to a considerable amount over a period of 12 months."

Craig Bebbington, Relationship Director, RBS Corporate and Institutional Banking said, "Direct Golf has a 22 year history and is now one of the largest specialist golf retailers in UK and Europe, with a presence that continues to grow across the country.

"The firm is led by a dedicated and golf enthusiastic management team, including many PGA professionals, with a thorough understanding of the market.

"We are delighted to be able to support the expansion of this sector-leading UK company and are confident that going forward our team will work hard to help the company continue to realize its ambitions."

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