MJ Gleeson Agrees £20m Credit Facility Irwin Mitchell’s Banking Team Advises Lloyds Bank On The Deal 06.12.2013 David Shirt, Press Officer | 0161 838 3094 National law firm, Irwin Mitchell, has advised Lloyds Bank Commercial Banking on a new £20m revolving credit facility which it is providing for housing company, MJ Gleeson Group. Founded in Sheffield more than 100 years ago, MJ Gleeson will use the facility to help it accelerate its growth plans and take advantage of renewed confidence in the housing market. MJ Gleeson chief executive Jolyon Harrison said: "This facility strengthens our financial position and provides us with the additional flexibility and capacity for growth. Forward orders are significantly ahead of last year and we are confident our focused strategy will continue to deliver positive results." David Hunt, relationship director at Lloyds Bank Commercial Banking, said: "MJ Gleeson's most recent set of results clearly demonstrates the strength of the group's business model. The new facility gives the group additional liquidity to unlock value from its existing land bank as well as well as acquiring further development sites." Dean Gormley from national law firm, Irwin Mitchell, advised Lloyds Bank Commercial Banking. He said: Expert OpinionWe have been delighted to be involved in this latest deal for MJ Gleeson and work with Lloyds to put in place a facility which should allow the business to take full advantage of its strong reputation and improving market conditions.” Dean Gormley, Partner MJ Gleeson has offices in Sheffield, Bury, Fleet and Sunderland and employs 215 people. Key contact Dean Gormley Partner +44 (0)779 556 1722 Email Dean Press contact David Shirt Press Officer 0161 838 3094 Email David Tags Finance Dean Gormley Related articles 20.03.2019Government Issues Recommendation for Leasehold Reform 15.03.2019Irwin Mitchell Recruits Hundreds Of Volunteers For Red Nose Day 2019 15.03.2019Irwin Mitchell Scoops Hat-trick At Birmingham Law Society Legal Awards 13.03.2019Sheffield City Region Launches Global Innovation Corridor At MIPIM 2019 08.03.2019Irwin Mitchell Launches Women in Law Timeline 05.03.2019Does A Rest Break At Work Have To Be Continuous?