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Finance deal gears firm for growth.

A GARAGE door manufacturer is targeting growth after agreeing a PS900,000 finance deal with banking firm Aldermore.

Peterlee-based Gliderol Garage Doors makes garage doors for both residential and commercial markets, ranging from residential home garages, to airport hangar doors.

The firm has now agreed a PS900,000 invoice finance facility with Aldermore, a deal which will ensure it is well placed to take advantage of future growth opportunities as the UK economic recovery continues and demand from the construction sector, a key sector for the business, increases.

Benjamin Lumbers, chief executive, said: "Over the last five years the UK manufacturing industry has had to adapt to survive but now we are ready to grow."
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Title Annotation:Business
Publication:The Journal (Newcastle, England)
Date:Jul 4, 2014
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