A Doncaster-based home builder has purchased a new site and is planning to build 14 properties, with support of a seven-figure funding package from Lloyds Bank Commercial Banking.
Mell Homes was founded in the 1970s by builder and bricklayer Alf Mell, who wanted to create a range of unique, quality housing in the Doncaster area.
Over the past three decades the business has continued to grow steadily, building between 10 and 15 houses in and around Doncaster each year.
After spotting the opportunity to develop a new site in Finningley the company approached Lloyds Bank Commercial Banking which provided a seven-figure funding package.
Natalie O’Connor, director at Mell Homes, said: “When my father started the business he had a clear idea of the kind of homes that he wanted to create, carefully selecting locations to build distinctive and individual properties.
“His vision is still an integral part of the company, and we continue to build high quality, high specification homes.
“The new site is in a perfect location within the picturesque village of Finningley, and will allow us to build another unique development using local labour and suppliers.
The company approached the bank after becoming dissatisfied with a previous banking partner, and secured a specially tailored funding package worth £1 million.
Natalie added: “The construction industry has had a difficult few years, but we were immediately impressed by our relationship team’s passion for the sector and enthusiasm to support small home builders such as us.
“Our relationship manager was an integral part of the land acquisition process, and was always available for face-to-face meetings, to help guide us through the often complex procedure.”
Ken Davies, relationship manager at Lloyds Bank Commercial Banking said: “Mell Homes is an excellent example of a family-run business that has stood the test of time due to its market knowledge and dedication to producing luxury homes.
“When Natalie approached us for funding we could see how the new site would enable the company to grow over the next 12 months.
“We are dedicated to supporting firms like Mell Homes that are looking to expand and have ambitious goals. In fact, we have doubled the amount our senior managers can lend to businesses without central approval, so that we can continue to help firms just like this across the country prosper.”