Walker Morris advises on the £25m refinancing of Willerby Holiday HomesPrint news article
Walker Morris has advised Lloyds Bank Commercial Banking on its refinancing of static caravan and holiday home manufacturer Willerby Holiday Homes.
Celebrating its 70th anniversary this year, the Hull-based company employs around 1,000 staff in the region and is considered the UK’s largest static caravan and holiday home manufacturer.
The funding package will support Willberby’s expansion plans and includes £10m of senior debt alongside working capital facilities. The company can now manufacture and supply around 7,000 units annually to national and independent holiday park operators and increasingly to private customers via dealers and exports to the global market.
A team of financial specialists from Walker Morris advised Lloyds Bank Commercial Bank. The Walker Morris team was led by Partner, Michael Taylor in Finance.