GrowHow plants seeds for further success thanks to RBS


GrowHow plants seeds for further success thanks to RBS

GrowHow UK Ltd, the Cheshire-headquartered fertiliser manufacturer and major supplier to the UK’s process chemicals industry, is set for continued success after agreeing a £51m facility with the Royal Bank of Scotland Corporate & Institutional Banking (RBS CIB).

Supporting corporates

21 December 2012

GrowHow is the UK's largest ammonium nitrate and true granular compound fertiliser producer, servicing the British agriculture and the process chemical manufacturing industry.  Formed as a joint venture in 2007 from previously separate companies, the company is a successful business with manufacturing sites in Cheshire and Teeside, employing around 600 people with a turnover of £500m.

The RBS CIB funding package consists of revolving credit facilities, trade finance, foreign exchange and overdraft facilities.  The deal will also see RBS take over all the company’s day-to-day banking as it looks to consolidate its position as the number one fertiliser manufacturer in the UK.

"The team at the Royal Bank of Scotland in Manchester has gone the extra mile in understanding our business and our ambitions. It is because of this, as well as their local knowledge, fantastic energy and full suite of products available, that gave us such confidence to work together for a bright future. We’re extremely excited about the deal, and about working with the RBS CIB team going forward."

Colin Jones, Chief Financial Officer of GrowHow UK

"GrowHow is a strong example of a well-run, dynamic and market leading business that the region can be proud of - and one we’re proud to be helping. We’re delighted to have been chosen to be the full banking partner, and to help GrowHow progress. It also demonstrates RBS' commitment to support the UK manufacturing sector in the North West as well as nationally."

Chris Logan, Relationship Director for RBS CIB in Manchester

Latest news

Royal Bank of Scotland hosts ‘Easy Wins Live’ event

The event explored today’s ‘always on’ world and the pressure Scots face as they struggle to balance life inside and outside of work.

To win the fight against fraud and scams, it is vital to educate young people.

Primary school children in Currie, Edinburgh put on their detective hats last week to learn more about fraud and scams thanks to the Royal Bank of Scotland MoneySense programme. Les Matheson, CEO of Personal Banking, tells us why it’s so important to financially educate young people.

New NatWest debit cards now accessible for all customers

New card features are being rolled out from today with all cards having a notch and raised dots.

Set Tab for lightbox