Service Metals expands with funding
SERVICE Metals Group, the Yorkshire-based supplier of road transport products and components, is to move its Gateshead operation into new premises after agreeing a £450,000 finance package.
Morley-based Service Metals was founded in 1976 by its current owners Graham Wilson, John Winn and Jim Chrimes, operating from a small unit in Batley specialising in supplying aluminium for commercial vehicle bodybuilders.
Now operating its own transport fleet from 11 depots throughout the UK and Ireland, the businesses offers its growing customer base an extensive stock range of aluminium, sheet, shate, extrusions, GRP panels, timber flooring and commercial body fittings.
Recent expansion by Service Metals has seen the business out-grow its premises in Gateshead. Having agreed a funding deal of £450,000 with the Leeds team at RBS Corporate & Institutional Banking (RBS CIB), Service Metals will relocate to larger premises in Gateshead with strong ambitions for further job creation.
The deal has been organised under the Funding for Lending Scheme and has been drawn from RBS’ targeted Manufacturing Fund – a pool of ring-fenced capital to help British manufacturers invest and grow.
John Winn, director, The Service Metals Group, said: “Moving premises is an exciting next step for the business. We’re delighted with the deal that RBS have provided and are confident it will propel us to even more success in the future.”
