Barclays Corporate has extended banking facilities of £19m to DCS Europe — Enable’s parent company. DCS Europe is the UK market leader of sales and distribution of health, beauty and household brands. As a result, the business has moved its’ banking operations to Barclays Corporate in recognition of the bank’s support for its ambitious growth plans.
The facilities will support the expansion of the Group which operates from its 11 acre site in Stratford-upon-Avon and which employs over 250 people. DCS is the official UK distributor for Procter & Gamble, Unilever, Colgate and many more. The company’s own brand ’Enliven’, which consists of a range of 75 products, is produced in their new factory as well as the manufacturing of a number of own-label products on behalf of retailers such as Superdrug, Next and Wilkinsons.
As well as expanding its repacking and manufacturing divisions, DCS is now looking for further global growth in export markets, building on its presence in 70 countries.
Commenting on the deal, CEO of DCS Europe, Denys Shortt said: “Our deal is proof that the banks are lending in these tough times despite what the newspapers say. We are continuing to grow the business following the investment in our facility in Stratford earlier this year and we will to continue to develop all areas of the business to create jobs and growth.”Denys continues, “Jim and the Barclays Corporate team have been extremely focused on our business and future potential and we have been impressed with their professionalism and specialist proposition for the retail and wholesale sectors.”
Richard Haighton, Regional Director for Barclays Sales Finance added: “By increasing the facilities available to DCS, Barclays Corporate recognises the potential of the business to continue its remarkable growth story and was keen to provide additional support to a management team with such drive and vision.”
Jim Quantrill, Retail and Wholesale Relationship Director for Barclays Corporate in the Midlands said: “DCS is terrific local success story that is well placed for the future, with a highly respected management team and clear strategic growth plans.”