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Gold Medal secures funding for acquisitions

Gold Medal has secured a £38m banking facilitiy with Royal Bank of Scotland to support its future growth plans.

The operator is looking for new acquisitions in the long haul, luxury and cruise markets.

The extra funding will also be used for improvements to its trade website goldmedal.co.uk. The aim is to make dynamic packaging easier for agents and introduce a system to support single invoice documentation for its long haul holidays and round the world itineraries.

Managing director Terry Fisher said: “Over the next 12 months we have significant plans to grow the business and become the best long haul and packaged holiday operator in the UK.”

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