Johnson Services Group agres banking deal

Dec 22 2009 Huddersfield Daily Examiner

THE owner of dry cleaning business Johnsons has secured new banking facilities through to April, 2013.

Johnson Service Group, which has more than 500 outlets, agreed the £78.5m facility with Lloyds Banking Group, Royal Bank of Scotland, Barclays and Abbey owner Santander.

Johnson said it had reduced debt over the last year, with borrowing falling from £78.5m in December, 2008, to £69m at the end of this month.