Europe's biggest Teflon bakeware company expands with NatWest support

We’re now NatWest Group

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


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

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