CCR Magazine

You are here  :Home arrow News arrow Aldermore provides cool new finance facility for cold storage company
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Aldermore provides cool new finance facility for cold storage company PDF Print E-mail
Tuesday, 30 June 2015

Chesterfield-based temperature controlled food services company Rick Bestwick Ltd, part of the Magnavale Group, has received funding of £4.8 million from Aldermore to support its future ambitions in cold storage and haulage.

Rick Bestwick Ltd has been run by Managing Director Kevin Hancock since 2013 and provides temperature controlled storage, distribution, and a range of other services including freezing, packing & coding, labelling and inspection of products.

Having previously worked with one of the country’s largest banks, Hancock took the decision to switch to Aldermore. He felt that Aldermore’s reputation as a growing lender with a high level of commercial acumen would ensure that his company, which has traded for over 35 years, is able to take the next step in its evolution.

Kevin Hancock, Managing Director at Rick Bestwick Ltd, said:

“Aldermore’s funding will help us to grow in a sustainable and profitable way. We want to expand the business within the UK through acquisitions and partnerships, our new finance agreement will enable us to turn this goal that a reality.
“We were drawn to Aldermore because, like us, they are an ambitious, growing businesses and most importantly, they are able to offer a greater degree of flexibility than any of the larger lenders.”
Wayne Spratt, Regional Sales Manager, Invoice Finance at Aldermore, said:

“We are delighted to support Rick Bestwick, the company has an experienced management team, exciting growth plans and excellent relationships with a number of major retailers.
“Aldermore was established to support businesses like Rick Bestwick, which are looking to access finance in order to invest and grow their business.”

(Source - Aldermore Press Release)


 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197