News

Major Funding Package for Orkney Firm ASL

Orkney-based storage and removals firm, Advantage Storage Limited (ASL), has purchased a 1,758 sq. m. unit in Inverness after securing a six-figure funding package from Royal Bank of Scotland.

Margaret Keenan, senior relationship manager at RBS, and Alex Findlater and Martin Drury of McAdie and Reeve

Owned by McAdie & Reeve Ltd, Orkney’s leading removals, storage and distribution specialist, ASL provides storage solutions to local businesses and a depot for its Orkney-based customers who make large purchases from the mainland.

Since acquiring ASL three years ago, directors Martin Drury and Alex Findlater have been operating the business from a rented unit on Seafield Road in Inverness. The purchase of the unit, previously known as ‘Jayhard’, is testament to their commitment to growth in the Highland capital.

Martin Drury, director at ASL, said:

“We are really excited to have a permanent base for the company as we see a rise in demand for depot and transportation services from our customers in Orkney. We’re also confident that the additional space will attract local businesses who require storage solutions as we continue to strengthen our presence in Inverness.

“We are grateful to Royal Bank of Scotland for the level of support it offered throughout the transaction which helped us reach an important milestone for the business.”

Margaret Keenan, senior relationship manager at Royal Bank of Scotland, commented:

“Helping Martin and Alex achieve their goal has been extremely rewarding for the team and we look forward to seeing the business develop from its new premises.

“Not only is this good news for ASL, it’s also good news for the Orkney community and its businesses, helping to remove barriers that customers can sometimes face when making larger purchases from the mainland.”

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