Toy manufacturer and distributor Sambro International Ltd is assessing new growth opportunities after securing a £13m funding package with Barclays Bank.
Despite the challenges imposed by the pandemic, the Manchester-based toys and licensed children’s products specialist achieved strong sales throughout 2020. It is now aiming to build on the momentum through its latest funding package.
Sambro currently employs more than 90 staff across its offices in Bury, Hong Kong, and Amsterdam.
Tony Hicks, CEO of Sambro International, said: “We are delighted to be working with the Barclays’ team and have been very impressed with their desire to understand our business and build a strong partnership approach. The next few years will be very exciting for our business.”
Tom Falcon, chairman of Sambro and partner at Elysian, added: “We have been really impressed by Sambro’s resilience and business improvements over this challenging period. Combining Sambro’s highly capable team with Barclays Bank support, the platform has been laid for a period of accelerated growth.
“Sambro can pursue new opportunities and markets and we are excited by the future for the business.”
Barclays’ head of North and Midlands large corporate retail and wholesale, Matt Ryan, added: “Barclays has been building a close relationship with Sambro International since it was acquired by Elysian in 2016 and I’m delighted to see this latest facility put in place to support their continued growth aspirations.”