Funding lifeline for motorhome manufacturer

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BUSINESS turnaround specialist Seneca has invested £350,000 into Yorkshire-based luxury motorhome manufacturer RS Motorhomes, marking its 16th deal in 12 months.

Seneca’s investment in RS Motorhomes, a family business founded 25 years ago, follows two challenging trading years during which the company had been unable to secure bank funding.

The investment will enable the business to meet growing demand, reduce customer waiting times and enable the business to manufacture up to seven bespoke motorhomes a month from their premises in Goldthorpe, South Yorkshire, to a customer base spanning the UK and Europe.

Seneca was advised by hlw Keeble Hawson, a law firm with offices in Leeds, Sheffield and Doncaster.

Michael Rowe, MD of RS Motorhomes, said: “The investment has come at a crucial time for RS Motorhomes.”

Future plans for RS Motorhomes include expansion into the leisure sector and equestrian transportation sector.