Funeral
Directors
Leading Funeral Directors In Scotland Have Received An Undisclosed Sum From Barclays To Assist With Their Future Expansion.
One of the largest independent funeral directors Dundee in Scotland has obtained a funding package from Barclays, the specifics of which have not been disclosed, in order to finance the purchase of Paisley Crematorium.
Barclays provided financial assistance to Fosters Family Funeral Directors in order to enable the business to expand in the future.
Fosters Family Funeral Directors has become one of the largest funeral directors in Scotland since it first opened its doors in 2005. They assist families all over Scotland in gaining access to funeral care that is both professional and affordable.
Recent years have seen it expand to more than 16 locations across Scotland, with new parlours opening in Perth, Stirling, and Edinburgh, among others.
The business will be able to expand its funeral and cremation services throughout the western region of Scotland due to its strategic acquisition of the well-established crematorium in Paisley and the significant investment currently in the planning stages.
Fosters Family Funeral Directors will also have access to funding as a result of the agreement, which will enable the business to continue its wider organic growth plans and be supported in doing so.
Barclays, Scotland's Stuart McAleese and Iain Duff were the ones in charge of the deal's team.
"We've been extremely impressed with Barclays' ability to truly understand our business and create a package tailored for us with minimal disruption to our day-to-day operations," said Liam Bain, Finance Director at Fosters Family Funeral Directors. "We've been extremely impressed with Barclays' ability to truly understand our business."
"The funding that we have received will allow us to invest in new capital and locations across Scotland and bring affordable funerals to many communities all over the country," the company said in a statement.
"We are pleased to have continued our support for Fosters Family Funeral Directors through this latest and important transaction," said Jamie Grant, Head of Region Scotland & Northern Ireland for Barclays, Scotland.
"We are looking forward to maintaining our close working relationship with the team in our capacity as strategic banking partners who provide solutions that assist with the execution of their exciting growth plans."
As one of the largest funeral directors in Scotland, JamesAshton&Son provides top-quality memorial services that are available 24/7. They have experienced and highly-knowledgeable staff who can assist families all over Scotland with gaining access to affordable, professional funerals.