28/11/2016

RMS To Create Over 300 New Jobs

RMS Group Services has announced it is to create over 300 jobs over the next five years following a £1.25million investment from the Growth Loan Fund.

One hundred of the new jobs will be located in Belfast with the remainder based across its Slough and Dublin operations.

Established in 2005 the firms services include cash and valuables in transit, cash processing, coin and note supply, foreign exchange and ATM services.Tony McAleenan, Finance Director of RMS Group Services, said: "We've grown the business steadily over the past 11 years, solidifying our position in Northern Ireland whilst breaking into new markets, particularly Great Britain and ROI.
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"We made a strategic decision earlier this year to expand into the South East of England, establishing a new base in Slough and we are very happy with how that base is performing. We have won a number of key contracts in the region, giving us an excellent platform for further growth in 2017.

"The cash management market in the UK and ROI has transformed dramatically in the past few years. Notably, some major players have left the market, so there is an opportunity for us to pursue new customers and become the number one cash management service provider."

David McCurley, Senior Investment Manager at WhiteRock Capital Partners, said: "Our investment in RMS Group Services is one of the largest single loans provided by the Growth Loan Fund to date.

"The company will be able to create 300 new jobs across its three sites. The senior management team has identified a number of opportunities to expand the business in the ROI and GB markets, with a clear strategy of how to continue their growth. The opportunity to invest in a business that has the potential to become the leading player in their market was an easy decision."

(CD)

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