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Bristol crematorium firm plans major expansion following Lloyds Bank funding PDF Print E-mail
Friday, 25 September 2015

A Bristol-based national operator of crematorium services has outlined major plans for expansion after receiving a £108million financial package from Lloyds Bank Commercial Banking.

The funding will help Westerleigh Group to achieve its growth ambitions as it looks to add to the 21 crematoria it currently operates throughout the UK, with an aim of opening its 30th site before 2020.

With the support of Lloyds Bank, the firm is moving ahead with plans for new developments in Broxbourne, Hertfordshire, and Ormskirk, Lancashire, having already secured planning permission for these sites, helping to create three new jobs at each location.

The company is also investing in its original crematorium in Westerleigh, Bristol, with the development of a new bereavement suite. This will allow post-funeral wakes to be held on the site, with plans in place to roll-out the concept at more of its sites nationwide.

Caring for close to 30,000 funerals this year, Westerleigh Group is the leading developer and operator of crematoria and cemeteries in the UK, working with an increasing number of local authorities to manage their cemeteries and crematoria.

The Bristol office of TLT LLP, led by Banking and Finance partner Gary Roscoe, acted for Westerleigh during the transaction, whilst leading UK law firm Burges Salmon, led by Banking and Finance partner Rachael Ruane. advised its long-standing client Lloyds Bank.

Alison Whitehead, Finance Director at Westerleigh Group, said: “Since forming in 1992, we are proud to have established ourselves as the most experienced developer of new crematoria in the UK, and this continuation of our long-standing relationship with Lloyds Bank will enable us to support more communities nationwide.

“We’re already working to achieve our growth plan with the addition of new sites in Broxbourne and Ormskirk, as well as through other planning applications in the pipeline and investment in our existing locations, and we look forward to continuing to work with the bank in the months and years to come.”

Andy Hart, Relationship Director at Lloyds Bank Commercial Banking, said: “We’re committed to supporting mid-markets businesses like Westerleigh Group that thoroughly understand their industry and have a solid business plan in place to remain competitive.

“The company has built its reputation on providing quality care and service to clients over the past two decades, and we will continue to support the business’ management team as its expansion continues.”

(Source - Lloyds Bank Commercial Banking Press Release)  

 
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