Telling Architectural agrees new facility with Aldermore
Telling Architectural has agreed a new finance facility worth £1m with Aldermore.
The company had a turnover of £5m in 2016 with this funding hoping to allow it to meet its projected targets.
The West Midlands based developer and distributor was established in 2002 and serves clients in the UK and North America.
Mike Wood, managing director at Telling Architectural, said: “Our existing lender was not able to offer the financial support we needed to maintain our recent strong growth.
“We were introduced to Aldermore by one of our independent consultants and it was immediately clear that the bank would be the ideal partner.
“The team at Aldermore has demonstrated a strong desire to deliver a bespoke funding solution in a very short space of time and we found them extremely easy to work with throughout the deal.”
Karen Allen, head of specialist finance at Aldermore, added: “We’re thrilled to be able to provide the company with this new funding which will ensure it has the financial means to meet growing customer demand and achieve its forecasted growth.”