Keighley-based Flat Washer Solutions has agreed a new finance facility with Aldermore Bank to provide funding for future acquisitions.
The business has over 15 years’ experience of manufacturing high standard washers and pressings for use in a variety of sectors including automotive, power generation, petrochemical and construction.
Flat Washer Solutions’ management team have ambitions to acquire other businesses in order to accelerate their growth and Aldermore has agreed to provide a £250,000 facility to support their plans.
This deal was facilitated by Wayne Spratt, Aldermore Regional Sales Manager for Yorkshire and the North East.
David Gelling, Flat Washer Solutions director, said: “I lead a small team that thinks big. Business is thriving and we find ourselves at an opportune time to expand. Aldermore has proved they are a provider with a ‘can do’ attitude. They provided a solution quickly and smoothly.
“It is reassuring to have the support of a bank that will help us find solutions and not just take a tick box approach.”
Leyton Jeffs, regional sales director, Invoice Finance at Aldermore, said: “With so many headlines talking about businesses finding access to finance a struggle, it’s great to be able to highlight companies like Flat Washer who are receiving the support they need to make their business work.
“After frustrations with their previous funder, I am delighted to provide support for this ambitious small business – it is what Aldermore is here for.
“My team are doing all they can to let SMEs across Yorkshire know that there are banks ready to help and eager to provide funding for hard working SMEs.”