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ADVERTISING FEATURE


COMMERCIAL BANKING


Bank switch supports international growth


Customer: Imago


Location: Berkshire


Sector: Technology


Our support: Bank switch


in recent years, facilitated by the increasingly global nature of business, alongside environmental concerns and reduced travel expenditure. Increased demand has been matched by increasingly high quality service provision, including high specification video-conferencing facilities, while additional warranties, maintenance, training and switchboard facilities add additional value. Seeking a banking partner to support its


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“It is sometimes hard to get financial institutions to understand where you are as a technology company. Lloyds Bank has a good understanding and has


been wholly supportive.” IAN VICKERAGE, Managing Director, Imago Group plc.


growth objectives, Imago has switched to Lloyds Bank Commercial Banking, “Our decision to switch banks was largely driven by the need to work with a banking partner who could support our expansion plans across Europe and South Africa by providing an international financing solution. What we also wanted was a partner who could support our expansion through acquisition finance facilities. Lloyds Bank could deliver on the deal,” asserts Imago Managing Director, Ian Vickerage. Steve Ogborn, Relationship Director, Lloyds Bank, says: “Imago has a fantastic network of suppliers and customers, which includes a number of blue-chip businesses. We’d worked on the fringes of their banking relationships for a number of years, building up a good understanding of the business and its cash flow. That has allowed us to offer acquisition facilities in the form of unsecured


s the largest supplier of video- conferencing facilities in Europe, Imago has achieved significant growth


“Our decision to switch banks was largely driven by the need to work with a banking partner who could support our expansion plans across Europe and South Africa by providing an international


financing solution.” IAN VICKERAGE, Managing Director, Imago Group plc.


lending for European debt opportunities, which Imago identifies.” “Imago has an exciting future ahead,” concludes Ian. “We’ve recently launched a new service, VAAST, which is essentially video facilities provided through the Cloud, enabling people to connect seamlessly to other people anywhere in the world. “It is sometimes hard to get financial institutions to understand where you are as a technology company and where you’re heading. They can be quite cynical which clearly handicaps negotiations. In contrast, Lloyds Bank has a good understanding and has been wholly supportive.”


For further information on how lending from Lloyds Bank Commercial Banking can support your business growth plans, please call 0203 291 1862.


lendingforbusiness.com


Lloyds Bank, Lloyds TSB Corporate Markets and Lloyds TSB are trading names of Lloyds TSB Bank plc and Lloyds TSB Scotland plc. Lloyds Bank and Lloyds TSB Corporate Markets are trading names of Bank of Scotland plc. Lloyds TSB Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Lloyds TSB Scotland plc. Registered Office: Henry Duncan House, 120 George Street, Edinburgh EH2 4LH. Registered in Scotland no 95237. Bank of Scotland plc. Registered Office. The Mound, Edinburgh, EH11 1YZ. Registered in Scotland no.327000. Authorised and regulated by the Financial Services Authority under registration numbers 119278, 191240 and 169628 respectively.


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