Aldermore creates £1m finance facility for construction firm

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  • 27/04/2017
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Aldermore creates £1m finance facility for construction firm
Aldermore has agreed a new finance facility with a West Midlands construction company worth £1m.

Telling Architectural, which is based near Wolverhampton, says the funding from the challenger bank will allow it to double its £5m turnover by 2018.

Karen Allen, head of specialist finance at Aldermore, said: “Over the past fifteen years Telling has built a strong reputation for delivering the highest quality products to clients in the UK and North America. We’re thrilled to be able to provide the company with this new funding which will ensure it has the financial means to meet growing customer demand and achieve its forecast growth.”

Mike Wood, managing director at Telling Architectural, said: “Our existing lender was not able to offer the financial support we needed to maintain our recent strong growth so we were introduced to Aldermore by one of our independent consultants. It was immediately clear that the bank would be the ideal partner.”

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