A £17m funding deal has been agreed between specialist personal injury law firm, Express Solicitors and the Royal Bank of Scotland.
Established in September 2000 by managing partner James Maxey (pictured, left), Express Solicitors has enjoyed rapid growth and expansion to date, with annual fee income currently amassing £12m. The new funding deal is set to support the company as it focuses on achieving its strategic growth aspirations of securing a 60% increase in fees, amassing to £20m, by 2021.
Express Solicitors specialises in every area of personal injury claims including employer’s liability, road traffic accidents, serious injuries, clinical negligence, occupier’s and public liability.
“Our business is continuing to go from strength to strength and we are expanding rapidly,” said Maxey.
“We have a very strong growth strategy in place for the next five years and are focused on achieving our goal of £20m annual fee income.
“The funding package we have secured with Royal Bank of Scotland will provide us with day-to-day working capital support, enabling us to focus on the growth of the business without having to compromise on other areas.”
Steve Taylor, relationship director at Royal Bank of Scotland (pictured, right) said: “We really enjoy working with James and the team at Express Solicitors. They have had great success in the last 16 years, driven by a very clear growth strategy and we are pleased that we have been able to support their growth with another funding package.”