Compassco, a McDonald’s franchise business in Hertfordshire, has opened a fourth site after a £1.1m funding package from HSBC.

Led by Alan Butchers, the group opens at the Maylands Gateway Retail Park in Hemel Hempstead following, a 160-seater restaurant across two floors.

Russel Merchant, HSBC UK’s area director for business banking in East London, said: “Alan is a successful entrepreneur with an impressive portfolio of restaurants across Hemel Hempstead. Having worked with him and his company for over five years, we were more than happy to support his plans for a new site, which will not only benefit the local economy of Hertfordshire but also supports the business’ longer-term expansion plans.”