Highlands company secures £30m package
Bank of Scotland backs Tulloch Homes MBO
Tulloch’s chairman, Tom Allison, together with chief executive George Fraser (pictured) and finance director Sandy Grant have secured a £30 million funding package from Bank of Scotland to support the deal.
“This is a very significant chapter in the history of one of the most important companies in the Highlands and a deal which we’re confident will secure the future of the business for many years to come,” said Mr Allison, a former chief executive of Clydeport and a current director of Celtic Football Club and Pinewood Shepperton. He is also chairman of Peel Ports which acquired Clydeport in 2003.