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Steel Supplier Austen Knapman to Expand

Steel News - Published on Wed, 10 Jul 2019

Image Source: Business Leader Magazine
Insider Media reported that South Devon UK based family business steel supplier Austen Knapman is planning for growth having bought a 30,000 sq ft in Saltash after having received GBP 1.2 million loan from Lloyds Bank Commercial Banking. A further GBP 180,000 was invested to refurbish the building and make it suitable for steel stockholding, which included adding a purpose-built trade counter. Austen Knapman now expects to boost annual turnover by 5 per cent to GBP 4.4 million in the next 12 months.

Heidi Gigg, managing director, said "Our new building is an exciting opportunity for us to give our customers the excellent service that we strive for, with an enhanced delivery service which we trust will be second to none. Lloyds Bank has truly stood by our side throughout the process, and we wouldn’t have been able to invest to this scale and grow without this support. Now, with an increase in capacity, we will be able to continue to diversify the product portfolio offered to clients in the coming months and years.”

The business started in a garage in 1981 and moved to Yalberton Industrial Estate in Paignton in 1990. In 2015, the business extended its footprint by opening a branch to service Plymouth and Cornwall.

Source :

Posted By : Ratan Singh on Wed, 10 Jul 2019
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