Sports apparel business Castore, which is backed by the billionaire owners of Asda and Andy Murray, has secured a new financial boost.
The Manchester-headquartered company, which was founded in Liverpool in 2016 by brothers Tom and Phil Beahon, has signed a financing facility with NatWest.
The firm said it will use the facility for "general corporate purposes" and "continue driving transformational growth in keeping with its better never stops ethos".
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Co-founder Tom Beahon said: "Securing this debt facility with NatWest is a significant step in Castore’s exciting growth plans.
"Castore’s business model combines the most attractive aspects of Team Sports and D2C apparel to produce an optimal blend of high growth and low risk.
"This facility will help further accelerate Castore on its mission of becoming the #1 premium sportswear brand in the world by 2025."
Chris Logan, senior director of corporate and commercial banking at NatWest, added: "We have been long admirers of Castore and are delighted to have secured this facility with the business.
"The business has delivered exceptional financial performance since inception, and we look forward to a long-term partnership as the business continues its stellar growth trajectory."
The move comes after Castore became the kit partner of Bundesliga club Bayer 04 Leverkusen last month.
In an exclusive interview with BusinessLive recently, Castore also revealed plans to create up to 150 jobs in 2022.
