The company supply and install industrial sealants across the UK and have picked up some recent European contracts. They have worked on some of the biggest building projects in the country. Some of the specialist fields they work within include – hospitals. petrol forecourts, oil terminals, prisons, stadia and acoustic environments. The company operates from combined offices in Romford, London & Chorley, Lancashire and offer customers on site application services as well as technical direction.
The new funding from NatWest has repaid existing debt and provided fresh facilities to invest in production machinery as well as increasing the company's working capital lines to meet day to day operational needs.
Speaking about the new banking partnership and the investment they have made in the business, Construction Sealants managing director, Nigel Smith said: "This is a statement for the future of the business. We have established a new working relationship with NatWest and we have also restructured our funding base. We are also investing in new machinery to make our production more efficient as we seek new markets abroad. We will retain a focus on our core UK market as we have been suppliers to some of the largest building projects in the country, but the new business we have won from Europe is exciting and provides another avenue of potential growth to explore."
Adrian Wood, relationship director, commercial banking at NatWest added: "Construction Sealants are a good example of a thriving SME business that despite economic headwinds is seeking new markets for their services and investing in their operations. Our role is now to be a financial partner and a sounding board to management for their business plans."