Keltbray Secures £30m Working Capital Facility with Metro Bank

Keltbray Group and Metro Bank are pleased to announce the successful agreement of a £30 million working capital facility, comprising a £10 million overdraft and a £20 million revolving credit facility (RCF), with a three-year tenure.

Secured in what remains a challenging environment for the construction and civil engineering sector, this facility underscores the financial strength of the Keltbray Group with the funding enhancing Keltbray’s financial resilience supporting its continued focus on sustainable, profitable growth.

Both parties are excited to embark on this new partnership. Keltbray looks forward to working closely with Metro Bank to ensure the facility supports the Group’s operational and strategic priorities over the coming years.

Brendan Kerr, Keltbray Executive Chairman and controlling shareholder, said:
“We are looking forward to a good working relationship with the team at Metro Bank. They have spent a great deal of time getting to know the Keltbray business and what makes us tick, and are keen to support our growth into more resilient markets and better margins.”

Cormac Burns, Director of Corporate Banking at Metro Bank added:

“At Metro Bank we know that for businesses to continue to grow and succeed they need a bank that understands them and their needs. This relationship banking ethos underpins everything we do. We’re pleased to provide this working capital facility to help Keltbray deliver its operational and strategic priorities.”

About Keltbray

Keltbray is a leading UK-based specialist engineering and construction services company, committed to delivering innovative and sustainable solutions across the built environment and major civil engineering projects. With a focus on reducing environmental impact and advancing circular economy principles, Keltbray is transforming the construction industry for a sustainable future.

About Metro Bank

Metro Bank provides corporate, commercial and SME banking and specialist mortgage lending, alongside retail and private banking services. Metro Bank offers relationship banking through a network of 75 stores in the UK, telephone banking from UK-based contact centres and digital banking via an award-winning mobile app.

Metro Bank appeared in second place for personal and business service in-store in the Competition and Markets Authority’s Service Quality Survey, February 2025.

Metro Bank Holdings PLC (registered in England and Wales with company number 14387040, registered office: One Southampton Row, London, WC1B 5HA) is the listed entity and holding company of the Metro Bank group.

Metro Bank PLC (registered in England and Wales with company number 6419578, registered office: One Southampton Row, London, WC1B 5HA) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. ‘Metrobank’ is a registered trademark of Metro Bank PLC. Eligible deposits are protected by the Financial Services Compensation Scheme. For further information about the Scheme, refer to www.fscs.org.uk.

Metro Bank is an independent UK bank – it is not affiliated with any other bank or organisation. Please refer to Metro Bank using the full name.