Jobs on the way as manufacturing group reveals £50m ambition
A Mansfield-based doorset manufacturer has secured a six-figure funding package to accelerate its growth plans.
Integrated Doorset Solutions is part of the IDSL Group. It manufacturers performance timber doorsets for customers in the education, healthcare, commercial, residential and accommodation sectors for clients including Unite Students, Balfour Beatty and MACE.
The £150,000 package from Lloyds Bank has enabled the purchase of new automatic sanding machines and will allow the firm to create 25 new jobs for local people. The purchase of the new machinery is part of a larger £4m investment made by Integrated Doorset Solutions over the past three years.
The firm will look to bring in the new staff over the next 12 months.
The investment will also support the manufacturer’s plans to supercharge its revenue, which currently stands at £37m gross across the group. It is now looking to up the figure to £50m.
Nigel Richmond, chairman at Integrated Doorset Solutions, said: “When most people were forced to down tools during the peak of the Coronavirus pandemic, we were busier than ever, working overtime to manufacture antibacterial doors for the Nightingale and Aspire hospitals across the country. More recently, as people return to cities and offices, we’ve seen a surge in demand from office and apartment builders, and there’s no sign of this slowing down anytime soon.”
“The support from Lloyds Bank has been invaluable in helping us to expand”, added Richmond.
“We’ve been able to introduce new technology that will not only support our growth and increase our efficiency, but ensure we have the best equipment for our employees. We’re excited about the year ahead and look forward to welcoming a number of new colleagues to our team over the next year.”
Mark Smith, relationship director at Lloyds Bank said: “Integrated Doorset Solutions has been a customer of ours for more than six years and during that time we’ve supported them to achieve significant and impressive growth.
“Nigel and the team provide some of the highest quality specialist doors across the UK and are always looking for new ways to innovate and grow their offering.”
He added: “We’ll continue to be by the side of businesses like this across the region to help them capitalise on future growth opportunities.”
Founded in 2015, IDSL Group has grown four-fold, and now encompasses four businesses – Integrated Doorset Solutions, Performance Joinery Limited, Fire Door Inspection Solutions Limited and Fire Door Inspection Solutions (Southern) Limited.