Newspaper article Manchester Evening News

Secure Trust Backs Tech Company

Newspaper article Manchester Evening News

Secure Trust Backs Tech Company

Article excerpt

MANCHESTER-based Secure Trust Bank Commercial Finance has provided a Pounds 4m asset-based lending facility to Trueform, an international supplier of intelligent transport systems.

Established in 1977, Trueform - which supplies to Transport for London and Transport for Greater Manchester - offers a one-stop shop for the supply, installation and maintenance of all forms of intelligent passenger transport hardware, transport information and communication technologies.

With sales in excess of Pounds 25m in the last year, the business employs more than 200 staff across its six UK sites, with further operations in New York, Chicago, Bahrain, Amsterdam and Abu Dhabi.

Sean Powell, national sales director at Secure Trust Bank Commercial Finance, said: "Trueform's forwardthinking approach to passenger safety and information has led the business to grow rapidly in recent years, securing highprofile contracts with the likes of TfL and TfGM. …

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