Central Finance worked with Lloyds TSB to raise a whopping £2.5 million finance package for Dudley based business A&T Enclosures Ltd to fund their ambitious business plans to expand into the renewable energy market, employ more staff, purchase new premises and invest further in machinery and infrastructure.
The Midlands based financial consultancy sourced the six figure sum including a £1.3 million commercial mortgage and a £577,000 Regional Growth Grant from Sandwell Council.
A&T Enclosures, a specialist manufacturer who’s customers include Rail, Water and Utility Authorities are a progressive, well established business operating for over 21 years with over 50 skilled staff and will utilise the funds to drive expansion into new sectors, fund research and development into new products, purchase new equipment, hire an additional 29 employees over the next three years and cement their commitment to Dudley and the region by purchasing their premises.
Tim King, Managing Director, A&T Enclosures says: “To develop and diversify our products, secure the future of our business, provide new and existing customers with a quality and ever developing product it was clear we needed to invest in our machinery, our workforce, our research and development and ultimately our premises.
“Finding the right finance package to fund this project was key and we couldn’t do it alone. Our aims were and are ambitious, and we wanted to work with someone who could achieve our capital requirements both swiftly and efficiently. It was clear after meeting Alison, who has years of experience working with manufacturers to achieve both grant funding and other business finance that Central Finance would help us achieve our goals and invest in our future.”