Quantum buys premises to handle higher volumes

BUILDING products firm Quantum Profile Systems has acquired its premises in Oldham with a seven-fgure finance package from Lloyds Bank and the North West Fund.

The business, which trades from Salmon Fields, Royton under the Quantum, Dacatie, Qwood & Q Lean Supply brand names, is planning an extension to help increase capacity.

Director Clive Bowen said: “Adopting lean manufacturing principles has contributed significantly to the business’ growth over the past five years, improving productivity, minimising inventories and creating value for the customer.

“As the business grew the board of directors recognised that we would need larger premises for additional equipment to help cope with the increase in demand. By purchasing our current premises we not only avoid the complications often involved with relocating, but we can build an extension best suited to our business requirements,  expand our production capacity and explore further growth opportunities including new products and exporting.”

The North West Fund money has come through the funds Loans Plus pot which is managed by FW Capital.

Louise Robinson, an associate at law firm Mills & Reeve in Manchester advised on the deal.

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