Thomas Taylor Bowls has secured a Virgin Money funding package backed by government department UK Export Finance (UKEF) to help the family business continue its international growth.
Glasgow-based Thomas Taylor Bowls is the oldest bowls manufacturer in the world, with over 200 years of experience. They export to over 70 countries around the world and are the preferred supplier to a number of national teams including Scotland, England, Wales, Ireland, Canada, New Zealand, Australia plus many more.
Their bowls, known for their expert craftmanship, have found favour with players across the world, from seasoned pros to enthusiastic newcomers. This widespread appeal speaks to the business’s commitment to quality and innovation.
Following a recommendation by an existing Virgin Money customer, Thomas Taylor Bowls contacted the bank whose Business Direct, Trade Finance and Treasury teams worked closely with UKEF to structure a deal providing the specialised support the business needed to continue to grow internationally.
Virgin Money has provided a tailored funding package including foreign exchange services, international payments and a UKEF guarantee offered under its General Export Facility (GEF), which were all vital elements given the importance of international exports to Thomas Taylor Bowls’ strategy. The GEF product is a flexible, government-supported scheme that helps UK export businesses – especially SMEs – to access working capital facilities, helping to improve cashflow or speed up international trade growth.
Grant Heron, Managing Director, Thomas Taylor Bowls Ltd said:
“The breadth of experience with the team at Virgin Money was exceptional. They understood our needs and put a great package together with UKEF to help us meet our full international aspirations and requirements.”
Craig Wilson, head of FX sales & trade finance at Virgin Money said:
“I’m delighted that we were able to support Thomas Taylor Bowls with a range of tailored products designed to help them continue their impressive record of international growth."
"At Virgin Money we aim to ensure businesses have access to key specialists that can add value at the right time, and by bringing together the skills of our Trade Finance team, who are available to support internationally trading businesses, our Business Direct colleagues and UK Export Finance, we have delivered a winning package for the customer."
Carol Harvey, UKEF Export Finance Manager for Fife and Central Belt including Edinburgh and Scottish Borders, added:
“Thomas Taylor has shown that there is global demand for quality Scottish exports."
"Our support is now helping this family business to take the next step in their exporting journey. Most of UKEF’s deals support smaller businesses like Thomas Taylor’s, ensuring that entrepreneurs and owners from all over the country can benefit from international trade.”