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Integrated Engineering Store Associates LTD (IESA) based in Warrington have just received a great financial boost.

The maintanance, repair and operating goods outsourcing specialist (MRO) has entered a 10 year contract with Premier Foods thanks to the financial backing from the Royal Bank of Scotland Corporate and Institutional Banking sector.

Integrated Engineering Store Associate LTd has seen a rapid growth in the UK’s maintainance, repair and operating goods market. Over the past 10 years since the company began, IESA has created a system of ordering, delivering and maintaining stock levels for large MRO companies. IESA has a turnover of £80 million and employs 180 staff.

The Royal Bank of Scotland was able to provide funding which is incredibly flexible and based on the assets held within IESA and projected for the next 10 years.

ISEA’s success lies in it ability to outsource MRO activity. In an industry where for every £1 million spent on MRO represents 25,000 requisitions, 22,000 invoices and 20, 000 purchase orders, money is lost in an incredibly in efficient system, where companies like ISEA can flourish due to their systems and efficiency.

Andrew Perry, finance director, at IESA, said: “The Royal Bank of Scotland has allowed IESA to take on a significant and exciting business opportunity. The IESA business is readily scaleable because of its early and heavy investment in IT which now represents a key competitive advantage of the business.

“For IESA there is clear upside to the contract with Premier Foods. The deal represents a step change for IESA albeit well within our capability to manage. Once it is imbedded into the Premier Foods business it will mean the firm will become key partners in managing Premier Foods MRO stores’ requirements.”

Oliver Unett, relationship director North West, RBS CIB, said: “RBS is delighted to help a long-standing customer such as IESA advance its business by dealing with larger clients. This investment in the future of the UK’s industry goes to the very core of what the team at RBS CIB is looking to achieve for its clients.”

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