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Slick Service: Metro Bank Provides Slicker Recycling With A £4.5m Funding Package

Slick Service: Metro Bank Provides Slicker Recycling With A £4.5m Funding Package

Metro Bank, the revolution in British banking, has today announced that it has provided waste management specialists, Slicker Recycling, with a £3.5 million invoice finance facility and £1 million asset finance line, to further expand its business.

Mark Stokes, Managing Director Commercial Banking at Metro Bank said: “This is a prime example of how at Metro Bank, we work as one team to meet the needs of our customers, with our Large Commercial team working hand-in-hand with our Invoice and Asset Finance teams to provide Slicker Recycling with a package tailored to their needs. Slicker Recycling has some really exciting plans in the pipeline and we look forward to helping them realise them over the years to come.”

Mark Olpin, Managing Director at Slicker Recycling added:“It’s been a fast moving and exciting few years at Slicker Recycling with much more to come, so the business needed a banking partner that would be agile and flexible enough to support our growth aspirations. Metro Bank’s entrepreneurial approach matched Slicker’s philosophy and culture perfectly and therefore was an easy choice to make.”

Slicker Recycling specialises in the collection and recycling of hazardous workshop waste for the automotive, transport and construction industries. With a workforce of over 170, it operates a network of waste transfer stations, depots and processing plants.

Metro Bank offers tailored commercial banking services, including a common-sense approach to lending and cash management solutions. Customers are supported by a dedicated team of relationship managers, who provide expert and industry-specific guidance. The Invoice Finance team specialises in flexible invoice discounting, factoring, and cash-flow funding solutions for businesses across the UK, and the bank’s Asset Finance team works across a range of sectors, offering manageable fixed instalments – with no hidden fees or charges.

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