Europe's biggest Teflon bakeware company expands with NatWest support

Europe's biggest Teflon bakeware company expands with NatWest support

Europe’s biggest supplier of Teflon coated bake and cookware has expanded its premises with a £560,000 loan provided by NatWest through the Government’s Funding for Lending Scheme (FLS).

Pargat Housewares, based in the West Midlands, manufactures more than 450,000 pieces of bakeware each week. But the firm hopes to grow further following completion of a new warehouse and product development unit in July 2013, paid for by the FLS-funded commercial loan.

The expansion of the premises has safeguarded 60 jobs and is set to create another 30 this year. The company employs 120 people altogether.

New warehousing and R&D facility

Narinder Kaur, Head of Sales and Finance at Pargat Housewares, worked with NatWest Senior Relationship Manager Neil Mellings to arrange the financing. He says: “With the new warehousing and R&D facility we will be able to further expand our international markets and product development. Thanks to Neil and his team at NatWest we can continue to grow the business. We have had a great working relationship with NatWest and they have been there to support us when we’ve needed it for over 15 years.”

The firm was founded by Inderjit Singh in 1976, became a limited company in 1998 and began working on the principle of batch production. The new build will help facilitate high production rates and Pargat Housewares expects a resultant 30% increase on their current turnover, with a £30 million target for the end of the 2013 financial year.

Mellings says: “I am so pleased to have been able to support Pargat Housewares’ growth at this level, its ability to adapt, integrate and use new technologies to create the very highest quality products will undoubtedly ensure the future growth of the company.”

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