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."

Tagged

NatWest

Latest news

Royal Bank of Scotland hosts ‘Easy Wins Live’ event

The event explored today’s ‘always on’ world and the pressure Scots face as they struggle to balance life inside and outside of work.

To win the fight against fraud and scams, it is vital to educate young people.

Primary school children in Currie, Edinburgh put on their detective hats last week to learn more about fraud and scams thanks to the Royal Bank of Scotland MoneySense programme. Les Matheson, CEO of Personal Banking, tells us why it’s so important to financially educate young people.

New NatWest debit cards now accessible for all customers

New card features are being rolled out from today with all cards having a notch and raised dots.

Set Tab for lightbox