Smashing news – demolition firm expands
A DEMOLITION contractor has invested in expanding its fleet amid a flurry of key orders.
Birkenhead-based Technical Demolition Services, which specialises in large scale demolition projects, is acquiring up to six new machines after securing a six-figure funding agreement from NatWest and Lombard, the bank’s asset finance manager.
It is currently demolishing Whtttingham Hospital near Preston which was once Europe’s largest mental institution.
The firm has secured more than £12m worth of contracts during the first half of 2014 and are hoping to reach a similar figure in the second half.
Managing director Tony Taperell said: “The machines will be used up and down the country including the current project we are undertaking in Preston. It’s a busy time for us and the machines will definitely help us meet our current and future demands.”
Technical Demolition Services currently employ 120 people. It was founded in 1983 and has carried out projects for many major public and private sector customers in the UK and worldwide, including jobs in Cyprus, Trinidad, Greece and Spain.
NatWest relationship manager John Fillingham and Lombard relationship director Paul Marsh provided the funding.
Mr Fillingham said: “I am very pleased to have been able to provide the financial support Technical Demolition Services needed in order to grow and expand. These are exciting times for the company and I wish them every success for the future.”
