Munros of Jedburgh (Coach Company)
Munro’s of Jedburgh Ltd is a well known and respected provider of coach services for private and public use based in the Scottish Borders. Operating a fleet of 38 vehicles and employing 50 drivers, the business has grown considerably since being established in 1998.
Ewan Farish, founding director of Munro’s initially approached Lochroe to assist the business raise working capital to support two new bus routes successfully tendered for. The exercise also involved a full banking review which consolidated previous funding in a single more cost effective package. Lochroe also helped the business fund the purchase of seven new coaches to undertake the work. In total almost £1 million of funding was required.
“Lochroe helped us to achieve the best possible solution from the banks” said Ewan. “The review exercise helped us to easily identify the best solution both for banking debt and asset finance, saving money in the process”.