Steel fabricator targets growth with Allica Bank funding

Leyton-based Metallico Ltd, a family-run East London steel fabrication business, was established in 2001 by Adamos Televantos to produce architectural metalwork for use throughout London. Today, the business is run by Adamos’s son, Kyriakos, who took over the leadership in 2019 and has overseen the company’s expansion into major structural steel projects throughout the capital.

Operating from a 14,000ft² workshop with a team of more than 20 staff, Metallico specialises in the design, fabrication and installation of structural and architectural steelwork for developments throughout London; and as well as supplying to notable major projects, the company estimates it has supplied steel components used in the construction of more than 50,000 homes.

Since taking over leadership in 2019, Kyriakos has focused on modernising operations while maintaining the company’s traditional approach to customers. “We are old school in the sense that relationships and quality still matter to us. A lot of our customers come in, have a coffee with us and talk through the project face-to-face, but we are also investing in modern systems and new technologies so we can deliver projects faster and more efficiently.”

Prioritising sustainable steel solutions
Metallico recently secured funding from Allica Bank, thereby enabling the company to refinance existing lending while also accessing additional cash to support growth and new contracts; the funding will also help the business create new local roles across design, procurement, and client management, while also increasing capacity to take on more complex and bespoke projects. Metallico is also prioritising sustainable steel solutions, increasing its use of low-carbon and reusable structural materials to meet growing customer demand and reduce its environmental footprint.

Kyriakos Televantos said: “We have come a long way since my father first started out, growing into larger and more complex projects while keeping the same core values. Allica’s support gives us the freedom to expand our team and take on ambitious projects, while keeping the personal touch that our clients value. It is exciting to think about what we can achieve in the coming years as we continue building the business and working with the local network of tradespeople and suppliers who have supported us for years.”

Ian Teeney, Metallico’s relationship manager at Allica Bank, concluded: “Metallico is a brilliant example of a family-founded London manufacturing business that has grown into a trusted partner on major construction projects across the capital. From their workshop in Leyton, they have helped deliver everything from landmark refurbishments to vital infrastructure, while supporting local jobs and suppliers. Supporting businesses with deep local roots like Metallico, helping them grow and innovate, is exactly what we are here to do.”