Clydesdale bank completes multimillion pound deal

Right Document Solutions, one of the UK’s leading document solutions providers, has completed a multi-million pound corporate restructuring deal with funding provided by Clydesdale Bank.

Backed by the Specialist & Acquisition Finance (SAF) team at Clydesdale Bank in Edinburgh, this deal is the next phase in Right Document Solutions’ development and is a foundation which will allow it to achieve its ambitious growth plans.

“This deal enables us to strengthen the services we currently offer to our prestigious client-base, which includes major organisations such as Network Rail, Lehman Brothers and the British Council,” said Paul Gillett, Managing Director of Right Document Solutions.

Established in 1988, RDS supplies and supports large, multi-location organisations with a wide range of products and services including photocopiers, faxes, printers, multifunction devices and document consultancy.  Over the past two decades that company has grown to having offices in London, Birmingham and Manchester.

Alan Hamilton, Director in Clydesdale Bank’s SAF team added:

"We are delighted to be given the opportunity to support Right Document Solutions in its next stage of development.  The excellent reputation which the company has in its core market through both the strength of its service offering together with the breadth of expertise within the management team ensures that the company is well placed to continue its growth strategy.

"Supporting businesses with unique propositions – from nurturing and supporting their ambitions and raising finance through to meeting growth and expansion plans – is something that Clydesdale Bank is committed to, and we recognise the value of supporting companies such as Right Document Solutions brings.”

Paul Gillett concluded:

“We recently appointed well-known Scots corporate financier Colin Rutherford as our non-exec Chairman, and we’ve managed to carve ourselves a niche in the market through our innovative consultative offering.

“And thanks to our backers – who showed real commitment to meeting our deadlines and understanding our industry – we’re not only able to deliver more to our existing clients, but we can also further the growth of the company through our raised profile and corporate restructuring.  This truly is an exciting time for Right Document Solutions and I believe that as a company we can only go from strength to strength," he said.