AMT Coffee, the coffee chain, has completed a million pound finance-raising deal with Close Leasing, which will allow the company to up its expansion plans.
Founded in Oxford in 1993 by brothers Angus, Allan and Alistair McCallum-Toppin from Seattle, AMT Coffee currently has 72 outlets in four countries in rail, airport, hospital, university and high street locations.
The company, which grew by almost 20% in 2010, said the new funding would help it ramp up its expansion plans.
AMT chief finance officer Fred Edwards said: “AMT Coffee is all about customer service and the Close team understood the fundamentals of our business quickly. That helped the deal go through very smoothly. Now we are really open for business and looking to scale rapidly.”
Close Director Tom Dramby said: “We are very pleased to be supporting AMT Coffee as it continues to grow. I am a customer and experienced their superb service personally, when the barista at their Broadgate bar knew my order after just two visits! We like the business and were impressed by the team."
AMT was advised by Capitas Finance.
