Finance Birmingham funding lays future growth for flooring firm
A MIDLANDS-based company providing flooring to housebuilders and commercial customers has secured £490,000 of funding from Finance Birmingham.
The cash injection will allow Contract Flooring Solutions, which has sites in Rubery and Bromsgrove, to create at least 20 jobs over the next three years. It will also fund a number of training opportunities for young carpet fitters.
Contract Flooring Solutions, which employs 98 people, is confident the funding will enable the company to secure additional large contracts with leading house builders.
Managing Director Steve Day said: “The support we have received from Finance Birmingham will play a pivotal role in the growth of the business and allow us to take it to the next level.
“We pride ourselves on directly employing the vast majority of our carpet fitters as opposed to using sub contracted labour. This ensures we can better control the quality of the installation and meet the demands of the end customer.”
The funding has been provided by Finance Birmingham as part of its £9m Regional Growth Fund – a pot of money open to SMEs across the Greater Birmingham and Solihull LEP area. Businesses from all sectors are considered, providing they have plans to develop and grow.
Ian Fairclough, Finance Birmingham’s investment director, said: “Contract Flooring has grown rapidly over the past few years, and has won many new contracts throughout the UK with housebuilders such as Bovis and Barratt Developments.
“Flooring fitters are the last tradesmen in and Contract Flooring’s success to date has focused on exceeding customer expectations and meeting the challenging demands and installation deadlines of listed house builders.
“We are backing a strong and experienced management team, which has been bolstered by the introduction of Stewart Boxer as finance director.
“This investment will support the significant growth of the business by funding working capital and additional overhead investment as it continues to grow.”
