Construction Sealants Ltd secure NatWest funding for capital investment

We’re now NatWest Group

Come and visit us for all our latest news, insights and everything NatWest Group.


Construction Sealants Ltd secure NatWest funding for capital investment

Rainham based Construction Sealants Ltd the UK's leading professional sealant application specialists have agreed a new banking partnership with NatWest which includes funding for further capital investment.

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."

Tagged

NatWest

Latest news

RBS to help 2.5 million people each year to be more financially capable

RBS has today committed to helping 2.5 million people in the UK each year to improve their financial capability.

RBS to increase lending to sustainable energy sector following £1.1bn securitisation of loans to UK sustainable energy market

RBS has executed a £1.1bn securitisation deal with Macquarie Infrastructure Debt Investment Solutions (MIDIS), which will allow the bank to recycle capital and increase lending to the sustainable or renewable energy sectors.

RBS launches £1 billion Female Entrepreneurship Funding and announces targets to help create at least 50k new businesses by 2023

RBS has today announced a new £1 billion in funding through NatWest to support female entrepreneurs in the UK to scale and grow – the largest intervention by a UK lender focused specifically on female-led businesses.

We’re now NatWest Group

Come and visit us for all our latest news, insights and everything NatWest Group.

Set Tab for lightbox