Partner Article
Funding opens doors for East Yorkshire manufacturer targeting £9 million turnover
Anlaby door manufacturer Summerbridge Doors has announced expansion plans with funding from Barclays.
Summerbridge Doors, established in 1986 designs and manufactures MDF vinyl wrap doors and accessories for kitchens, bedroom and bathrooms, working across the leisure, contract and retail sectors.
Summerbridge Doors employ 102 staff locally and turnover is expected to exceed £9 million this year. Facilities agreed include a commercial mortgage, development loan, asset finance and working capital.
Steve Waite, company secretary, Summerbridge Doors said: “The transfer to Barclays and the facilities they have made available will enable us to expand the factory and increase production.
“We’ll be able to bring the carcass manufacturing in-house with the additional space and we’re delighted that Barclays has been able to assist with the new funding and secure our growth plans.”
Scott Christian, Barclays relationship director commented: “Summerbridge Doors is a progressive and expanding brand and we’ve been working with them for some time to see how we can assist in their growth plans.
“I’m delighted to welcome them to Barclays and look forward to seeing the ambitious management’s growth plans come to fruition.”
This was posted in Bdaily's Members' News section by Clare Burnett .
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.
Are you a meat proxy?
Engaging the five-generation workplace
Talent is an asset, not an operational resource
Taking advantage of the opportunities ahead
Accountability isn’t the enemy of empathy
Act now to avoid a last-minute tax scramble
How inner-city living can transform a city by the sea
Artificial intelligence's value is the time it gives back
Why we must break the magnetic pull of London
AI scepticism is healthy - inaction isn't
What does NPPF mean for planning gain and pricing?
What new NPPF rules mean for landowners