Go Outdoors, the UK’s leading outdoor retailer, has agreed a £33m refinancing deal with Barclays to accelerate its growth plans.
The financing, Go Outdoors’ largest to date, will support further store expansion, continued development of its multi-channel operation and the targeted refurbishment of existing stores.
The financing deal has been agreed for a three-year term with an option to extend to Autumn 2018.
Go Outdoors business achieved record turnover of £171m, an increase of 19 percent on the previous year. Gross sales reached £200m for the first time.
The business achieved EBITDA of £9.4m, up more than 10 percent from £8.5m in the previous year, whilst continuing to invest in growth, and recorded a profit before tax of £1.5m.
