Auriga Holdings to put £14m towards franchise expansion

by XPRESS, 26 September 2018

Restaurant franchise business Auriga Holdings is set to put a £13.95m debt facility from Metro Bank towards its expansion plans.

London-based Auriga, one of the longest-serving KFC franchisees in the UK, operates more than 20 coffee and fast food outlets.

Mark Stokes, managing director – commercial banking at Metro Bank, said: “This deal is particularly exciting for us as it marks Metro Bank’s largest loan package in the franchise sector to date. We look forward to working closely with the management team in delivering projected plans and continued success.”

Afnan Bashir, managing director at Auriga Holdings, added: “We are delighted with the prospect of working with Metro Bank to facilitate our growth over the coming years.”

Article Credit: The Caterer