Cadman Group nets cash injection
THE Cadman Group, has secured a five figure funding package from The Royal Bank of Scotland (RBS) to assist with the continued growth of the company.
After celebrating 150 years in business last year, the company based in Sale, Cheshire, is forging ahead with plans to grow the company further by building on its subcontracting business that provides staff to carry out rendering, plastering, screeding and installing under floor heating to a diverse number of projects in the North West.
An increase in workload post-recession has resulted in further contracts being secured with a strong focus on the residential market in and around Manchester and Liverpool.
Current projects include underfloor heating and screeding at two new-build school projects in the North West, underfloor heating on a large MOD barracks, a large social housing scheme providing partition and plastering works, as well as screeding and plastering several apartment schemes.
Richard Bedford, managing director of the group, said: “We have experienced a significant period of growth in recent years and expansion is an area we are keen to address to move the company forward.
“Our current projects are certainly helping us achieve this as well as job creation – we have recently appointed an apprentice plasterer, something we have not been able to do since the recession, and moving forward as we grow we will be employing more operatives to carry out works required.
“RBS has supported us for nearly 25 years and we cannot fault their desire to back businesses with a strong appetite to grow year on year. The latest funding package gives us the ability to secure further worth and grow the business, building upon the success of the last 150 years.”
Gavin Elmes, senior relationship manager at RBS added: “The Cadman Group is a prime example of an ambitious North West SME utilising bank funding to drive business expansion.
“I wish Richard and the team well as they continue to capitalise on their new contract wins and increase their portfolio, especially in the residential market.”
