Funding deal sparks move for electrical firm

Lincoln-based Fox Electrical Supplies has tripled the size of its operations following completion of its new warehouse, after securing a six-figure funding deal from NatWest.

The family-run firm has used the cash to build and fit-out of the new, purpose-built unit on Allenby Industrial Estate.

The firm now has 14 employees and is anticipating further recruitment in the coming year.

Fox Electrical Supplies bought the land in Spring 2018 and spent nine months constructing the space which now features a trade counter, showroom, office space and storage, as well as ample car parking facilities for customers.

Founder Stewart Fox said: “Since launching the business over 12 years ago, we’ve grown considerably, and our old retail space was simply no longer big enough to accommodate an increase in customers and also our growing team. We’re really pleased with the new premises and the funding from NatWest has enabled us to create a space which will serve us well over the coming years, as we look to offer the best electrical supply services to our customers in Lincolnshire and across the East Midlands.”

Nick Sampson, relationship manager NatWest said: “Under the leadership of Stewart, Fox Electrical Supplies has gone from strength to strength. The funding we have provided will enable the business to continue growing and we look forward to supporting them further in the future.”