Homelift manufacturer to reach new heights with £1m loan

A manufacturer and supplier of homelifts has secured a £1m loan facility to invest in stock, create 16 jobs and upgrade its IT systems as part of its growth plans.

Based in Kingswinford, Stiltz manufactures and supplies a range of domestic lifts for people who struggle with mobility and require assistance to move up and down stairs, or who are ‘future-proofing’ in the anticipation of eventual need.

Branded as The Homelift Company, the business has experienced rapid growth following investment in its expanding product range and the development of strong relationships with a range of domestic and overseas distributors.

Mike Lord, chairman and CEO of Stiltz, said:“We are delighted to have received this funding, which will support our expansion plans as we continue to make our products available to those who need them the most. Our business is centred around our customers and homeowners whose quality of living is dependent on mobility solutions such as ours, and we strive to develop products that make a genuine difference to these peoples’ lives. We are very excited about Stiltz’ next phase of growth and look forward to working with the MEIF team over the coming years.”

Steve Lewis, investment director at Maven Capital Partners, which provided the loan, said: “Stiltz is a well-run business in a growing sector, which manufactures innovative and valuable products to their customers, making a positive difference to their lives. With this funding boost from MEIF Maven Debt Finance, the company will unlock several exciting opportunities, further accelerating the firm’s rapid growth.”