2012 Olympics fillip for Golden Bear

Golden Bear has been named as the official manufacturer of the 2012 Olympic mascots.
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As a result, the firm has signed a multi-million pound trade finance deal with Lloyds TSB Corporate Markets to help fund fulfilment of the Olympics orders.

John Hales, managing director of Golden Bear Toys, said: “Lloyds TSB is uniquely positioned to provide us with the financial support and advice we need as we move closer to the Olympic and Paralympic Games.

“As a Tier 1 sponsor of the 30th Olympiad, the bank has an in-depth understanding of what it means to be a supplier to the 2012 Games and as a result they’ve been able to create a tailor-made finance package to help us achieve our production goals. The fact that their team is locally based has also provided them with a deep understanding of our business and day-to-day banking requirements, all of which makes Lloyds TSB one of our most trusted advisors.”

Chris Pennick, relationship director for Lloyds Banking Group in the West Midlands, said: "We’re delighted to be supporting such a well established and treasured Shropshire business as Golden Bear Toys. Their appointment to the supplier roster proves that there are plenty of opportunities for businesses outside of London to be a part of the 2012 Games. Lloyds Banking Group has pledged to make £1 billion available to help businesses benefit from these opportunities and we’re very pleased to be putting some of this funding to good use for Golden Bear.”

The firm's license for the 2012 Games will see the company manufacture a range of gift products including key rings, mobile phone charms, collectable figurines, car mascots, backpacks and tote bags.

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