Dental prosthetics firm secures funding to buy laboratory
A Birmingham dental prosthetics manufacturer has purchased the laboratory it was leasing with support from HSBC UK, creating six new jobs.
TopLabs Prosthetics used a £146,000 commercial mortgage from HSBC UK to acquire the 45,000 sq ft laboratory in Oldbury, which it has leased since 2019.
The acquisition, funded by HSBC UK, will allow TopLabs Prosthetics to refurbish the site and tailor the laboratory to its specific needs.
This will create space for six additional technicians, expanding the team to 36 staff members.
Founded in 2019, TopLabs Prosthetics serves both NHS and private dental practices. The deal will enable the company to produce 10,000 more dentures per year and take on more contracts, boosting the company’s growth by 40 per cent by the end of 2024.
