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Fife oil equipment firm HCS secures £4.5m RBS package

HCS Control Systems of Glenrothes has signed a £4.5 million financing deal with the Royal Bank of Scotland to help it expand following a buyout last year.

HCS, which makes mechanical, hydraulic and electrical equipment for subsea projects, said it will use the money to take advantage of growth in the industry now the dust has settled from the buyout.

"We have worked pretty hard within the business to get everything in place so we were in a position to look for a new and better banking deal," said chief executive Brett Lestrange.

Full story in The Herald click here

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