Thurcroft-based Massarella Catering has received £5 million from GE Commercial Finance’s Business Finance unit. The development capital will be used to open new sites and refurbish existing facilities.

Thurcroft-based Massarella Catering has received £5 million from GE Commercial Finance’s Business Finance unit. The development capital will be used to open new sites and refurbish existing facilities.

Massarella is an old family business dating back to 1860, which provides catering services within shopping centres, retail and leisure outlets and staff catering facilities.

Jeremy Massarella, director, said: “The team at GE were chosen not only for their proven track record, but their ability to provide a quick and flexible funding solution.”

Richard Skewis, partner at Sowerby FRS, accountants and business advisors to Massarella, provided financial advice to Massarella in order to obtain the invoice discounting facility.

Richard Skewis and the practice have acted for their client for more than 30 years.