Royal Bank of Scotland lends £400,000 to Swansons Fruit Company to complete employee ownership transition
NWG•Royal Bank of Scotland provided Swansons Fruit Company with a £400,000 loan to repay deferred consideration owed to its previous owner under a 2021 employee ownership trust agreement.
1. Loan completes transition
The £400,000 loan repays the remaining deferred consideration owed to Swansons Fruit Company’s previous owner under the 2021 employee ownership trust agreement. Full trust ownership enables employees to benefit from the business’s future success sooner than originally planned.
