<p>Allison Group has secured £120 million refinancing to help deliver its goal of 2,000 homes a year by 2025. </p> <p><span>The business has agreed a £20 million five-year term loan with HSBC and a five-year £100 million revolving credit facility (RCF) with HSBC and NatWest. It will use the RCF to invest in new land and development.</span></p><p></p> <p><span>At the same time, Allison Group said it acknowledged that it could not reach its homes target without its supply chain. To this end, it said it had improved its supplier payment terms from 45 to 30 days.</span></p><p></p> <p><span>Allison’s chief operating officer Alastair Gordon-Stewart said: “I am very satisfied with the financial firepower the refinancing gives to the Allison Group. This builds on our long-standing relationship with HSBC and I am delighted to form a new relationship with NatWest and look forward to working with both Lenders into the future.”</span></p><p></p> <p><span>John Anderson, the company’s ceo, said: “Refinancing will undoubtedly bring exciting possibilities for Allison Group. We are making significant progress and have excellent ideas in store for our future that will now be viable with the £120 million we’ve secured from HSBC and NatWest.</span></p><p></p> <p><span>“We are continuing to seek new talent, improving payment …