Liverpool building supplies firm targets growth with RBS support

North West building supplies firm MBS Site Supplies has revealed plans to buy an additional seven sites in the next seven years after securing a finance package from RBS Invoice Finance.

The £2.5m turnover company, which is headquartered in Liverpool, has been provided with a £250k working capital facility that it believes will help it grow its turnover to £15m by 2021.

While MBS Site Supplies has only been trading for 18 months, the firm now operates two sites in Liverpool and Warrington, with plans to establish a third centre in either the North West or North Wales by Q2 2016.

Carl Oates, the managing director of MBS Site Supplies, said: “I have operated in the industry through my marketing career for a number of years and by utilising the contacts I have made, this is helping MBS Site Supplies to become the number one choice for building supplies in the UK.

“I am delighted with the support the bank has given us and for recommending an invoice finance facility that is assisting with the continued growth of the company.”

Carl added: “We are already in discussion about upgrading our IT system to make it more user friendly for our staff and customers, which will cost in the region of £40k.

“Significant investment will prevail as the company evolves and it is rewarding knowing we have a trusted banking partner on board.”

The firm supplies products such as plasterboard, tools, nails and fixings to the construction industry through trade counter and online sales.

Recent growth has seen the firm hire an additional five members of staff, bringing MBS Site Supplies’ employee count to 14.

Ciaran Kilheeney, a relationship manager with The Royal Bank of Scotland, commented: “Carl is a passionate individual who is certainly putting MBS Site Supplies on the UK map as a credible supplier to the construction trade.

“Carl has ambitious targets and we will endeavour to support his expansion plans and help him achieve greater things to come.”