Switchgear specialist secures additional funding
Posted on 09 Jan 2021 and read 274 times
Leicester-based S&E Group has secured a development loan through Santander UK, with which it has a long-standing partnership spanning over seven years.
The Group, which comprises www.mssl.uk.com
Michael Smith Switchgear Ltd (MSSL), www.avwf.uk.com
AVW Fabrications Ltd and Power Quality Systems Ltd, specialises in the manufacture, supply and installation of switchgear and control panels for commercial premises.
In 2017, a £1.44 million funding deal with Santander UK facilitated the purchase of the company’s current premises, consolidating its existing operations into one new larger site to cater for record demand for its products.
The additional funding has included the provision of a £505,000 development loan to fund an extension to the head office for the rapidly growing company.
S&E Group managing director Emily Smith said: “The Santander UK team has developed a deep understanding of our business. This new support has enabled us to extend our office space, which has already greatly improved the working environment for our staff and the service we can provide to our customers – both of which are integral to our business.”
Jill Yates, Santander UK business relationship director, said: “We have been working with S&E Group for a number of years and are delighted to provide further support to help the business develop and grow. We look forward to continuing to work together in the years to come.”