Murray Capital agrees new banking arrangement with Barclays

Barclays has completed the provision of a major new banking arrangement with Edinburgh headquartered private investment company Murray Capital.

The family-run business manages investments across a range of asset classes.

The new deal sees Barclays take over as the sole banker for the organisation’s day-to-day requirements following a longstanding relationship with its previous provider.

David Murray, director of Murray Capital, said: “The new banking arrangement with Barclays represents a step change for the business as we plan for future growth. It allows us more flexibility in our finances and Barclays’ collegiate approach impressed us throughout the process. We see this as a strong financial partnership to guide Murray Capital’s ongoing success.

“We have invested in a healthy pipeline of strategic land assets across central Scotland, as well as trading businesses, and will continue to welcome opportunities in both.”

Jamie Grant, head of corporate banking for Barclays in Scotland, said: “Murray Capital has diversified and grown over the past few years and was looking for a bank that shared its future vision. We worked closely with the management team to understand their requirements; this relationship approach underpins all of Barclays’ services.

“The changing economic landscape can pose challenges for Scottish businesses and we are keen to work with ambitious companies like Murray Capital to navigate uncertainties and maximise their potential.”