15 Apr 2019
A former professional rugby player has secured funding from Barclays to support the expansion of his removals and storage business.
With a £100,000 lending package from Barclays, business owner Neil Adam Sinclair hopes to triple the self-storage capabilities of Sterling Sinclair Removals to 35 containers and add another two members of staff to the team.
Long term plans for the business include opening an additional storage site in the central belt as well as looking at opportunities in England to support haulage across the border.
Sterling Sinclair Removals was set up in 2016 following Sinclair’s rugby union career, having played for French club USA Perpignan, London Irish and Scotland under 20s.
Mr Sinclair said: “It’s an exciting time for the business as we continue to expand and develop, and the additional storage capacity will help us to grow both existing contracts and welcome new customers.
“I’ve been banking with Barclays since start-up and continue to be impressed with the personal level of service. They showed confidence in my business from day one and it’s great to have the support to move the company into the next chapter.”
The deal was led by Michael Barclay, Business Relationship Manager at Barclays.
Stuart Brown, Head of SME Scotland, Barclays, said: “The business banking team has supported Neil since the removals firm was set up and its great to watch the business thrive. We are always keen to support Scottish entrepreneurs who have spotted an opportunity to grow or diversify their business portfolio.
“In 2018 we doubled the unsecured lending limit to £100,000 to help SMEs in Scotland get faster access to finance and help them make the most of all opportunities for growth. We believe unsecured lending can really transform hard-working companies like Sterling Sinclair Removals, allowing them to scale up and serve more people by removing some of the traditional barriers to finance.”