Commercial refurbishment company set sights on growth with cash injection

A company which refurbishes commercial premises has secured a £30,000 cash injection to help it expand and create jobs.

Lanesfield Services received finance from the Midlands Engine Investment Fund (MEIF) through WM Small Business Loans fund manager, BCRS Business Loans to enable it to take on additional contracts across the UK following significant growth since September 2017.

The investment will also help the company create an additional three full time jobs.

Chris Yardley, managing director of Lanesfield Services, said: “We are delighted that MEIF – through BCRS Business Loans – was able to support our expansion which was prompted by increased demand for our services.

“Our full-service refurbishment offering is for all types of commercial space – right from offices and factories, to shops for both large national companies and small, local businesses. However, most of our work is subject to a payment term of 45-days after completion so, without this loan from BCRS, we wouldn’t have been able to take on additional contracts.

Tracy Sherratt, business development manager at BCRS Business Loans, said: “After visiting Chris and getting to know his business, we instantly realised that Lanesfield Services had brilliant future prospects and we were subsequently delighted to offer our support – especially because new jobs are being created for local people.”

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