Construction Sealants Ltd secure NatWest funding for capital investment

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."



Latest news

Women and millennials help drive £17bn+ franchise sector to record levels

New research from NatWest and the British Franchise Association (bfa) highlights changes and profitability in the sector.

Winners announced for Skills & Opportunities Fund

52 winning organisations have been announced for round two of the 2018 Skills & Opportunities Fund.

RBS Multicultural Network meets Eric Holder, 82nd US Attorney General

Simon McNamara, RBS Chief Administrative Officer and Executive Sponsor of the RBS Multicultural Network, recently hosted an event in discussion with Eric Holder, the first black US Attorney General. They discussed career, ethnicity, diversity and even a little bit of politics. At the event, Eric Holder shared his wisdom and experience with attendees from the RBS Executive committee and RBS Multicultural Network. Simon McNamara blogs about his experience meeting Eric, a BAME role model, and why diversity is so important to RBS.

Set Tab for lightbox