...following loan from UK Steel Enterprise
Fernwood Joinery Ltd, a South Yorkshire-based specialist Staircase Manufacturer & Bespoke Joinery Company, is on track to increase its workforce and broaden its client base over the next 12 months following a £40,000 loan from UK Steel Enterprise (UKSE).
For almost fifty years the Staircase Experts & Bespoke Joinery manufacturer has been providing its services to a multitude of clients which range from prominent private individuals to national home builders, universities and local authorities.
The £40k loan from UKSE, a subsidiary of Tata Steel committed to investing in businesses looking to grow, will enable co-directors Julian Staniforth and Mark Owen to press ahead with business expansion plans; as well invest in a network of manufacturing professionals to increase productivity and generate faster turnover times.
Currently a team of ten, the funding will lead to the appointment of an additional experienced bench joiner, with further plans to appoint a trainee apprentice over the next few months.
Commenting on the deal, Julian said: “We are delighted to have received this loan from UK Steel Enterprise, which already has really helped us to drive the business forward as we begin to implement our new business model.
“By increasing our cash flow, we will be able to appoint a key employee and invest in partnerships with other businesses - ultimately allowing us to invest in a network of manufacturing professionals that will increase efficiency and productivity.
“Fernwood Joinery has established an enviable reputation over the last fifty years following major contracts with the likes of Sheffield Hallam University, Avant Homes and Sheffield City Council, and we are so pleased that we are continuing to evolve with the times by engaging in partnerships with other like-minded organisations.”
Alan Stanley from UK Steel Enterprise said: “Over the last 13 years Julian and Mark have worked hard to build Fernwood Joinery up from a small joiner’s workshop to a bespoke staircase manufacturer in the UK, and we are delighted to have provided this loan to assist with further growth and employment opportunities in the region.
“We’re looking forward to seeing their progression over the coming years.”
A subsidiary of Tata Steel, UK Steel Enterprise provides equity and loan finance to growing companies. Established businesses in need of growth finance can contact the UK Steel Enterprise team on 0800 915 1188.
See the Fernwood Joinery website for more information
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