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Media Square

  • BY: Andrew Hore |
  • POSTED: 18/05/2011 |

Marketing services provider Media Square has increased its revolving credit facility with Bank of Scotland from 4m to 6m.

The facility will last until the end of October 2012. Media Square was using 900,000 of the facility at the end of February 2011 but management wants extra flexibility going forward. Reducing overall borrowings is still a priority.

This agreement follows the appointment of Dean Wright as finance director. His predecessor Bruce Winfield died in March. Wright had been group financial controller.

At 4.62p a share, Media Square is valued at 1.67m. 

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