PGR Builders and Timber Merchants,an Essex based firm which supplies products ranging from bricks and cement to timber to trade, house builders and the public, has developed its first site in Egham, Surrey.
Solid business plan
Graham Toomey, who set up the company 31 years ago and now has five builders merchants and two plumbing and heating suppliers in Essex, said: “There is lending available in the present climate if you have a vision and a solid business plan.”
Toomey decided to expand into Surrey after finding a suitable 1.9 acre site and management staff for the new venture.
Working with Paul Rogers, Relationship Director at NatWest in London and South East and Vicky Burgess, Relationship Manager at Lombard, Toomey secured £2.6m backed by the Government’s Funding for Lending Scheme (FLS) for the purchase and fit out of the site plus additional funding to finance a fleet of three new lorries.
The new business opened its doors in July and has created 12 new jobs. The turn over is expected to reach £2m to £3m in the first year before exceeding £5m in the second year.
Obliging and proactive
Toomey praised the service he received from NatWest: “Paul was great. He was so obliging and proactive. He found ways of doing everything better and gave us the confidence to expand knowing that we had NatWest’s backing.”
Rogers said: “Graham and his team have enjoyed success thanks to their commitment to excellent customer service and we feel that their blueprint will work well in Surrey too.
“We enjoyed working with him to find a funding solution and wish him well as his business expands.”