A west Suffolk manufacturer of fibreglass products has expanded its workforce after nearly quadrupling its turnover in a matter of months and is now planning a move to larger premises — in north Essex.

The Grating Co, currently based in Sudbury, has increased its sales from £420,000 to £1.6 million after securing an invoice finance facility from Lloyds Bank Commercial Banking.

The company has already hired four new staff and increased its fleet of vehicles; it has also invested in marketing and new IT equipment.

Now, it is planning to relocate from its current 80m2 premises in Mills Road on the Chilton Industrial Estate to a new 1,100m² unit in Halstead, which will enable it to increase fabrication and storage.

The Grating Co manufactures a range of products — mainly for construction clients — including reinforced glass-fibre flooring, marina decking, roof walkways and stair treads.

Managing director Richard Coldron said: “Our business has great potential. Having a strong cash flow means we are able to keep up with demand. We’re reaching out to new clients by investing in getting our brand and products seen, thanks to funding support from Lloyds Bank.”