Thursday 12 April 2018

£200k Rosebud loan opens door to further growth for Lancs manufacturer

A fast-growing Lancashire business which is a leading supplier of roller shutters and garage doors has secured a £200,000 loan from Lancashire Rosebud Finance, managed by Mercia Fund Managers, to support its expansion.

The funding will allow RCS Doors to double the floorspace at its Rawtenstall factory and create four new jobs.

RCS specialises in the design and manufacture of roller shutters for industrial, commercial and domestic use. The company supplies customers nationwide and offers a bespoke manufacturing service and fast-track delivery. Its extensive product range includes eco-friendly doors which improve heat retention and reduce energy costs.

RCS was established in 1999 by Steven Kenny, the current Managing Director, who is also Vice Chairman of the Industrial Door group of dhf, the industry trade body, and has been an active campaigner in promoting health and safety standards in the industry. The company, which now employs over 30 people, has been growing rapidly and has almost doubled its turnover in the past three years.

The funding will allow it to expand its operations within its existing premises by installing a mezzanine floor, and to employ two sales staff and two apprentices.

Rosebud Finance is managed by Mercia Fund Managers on behalf of Lancashire County Developments Ltd (LCDL), the County Council’s development arm.

Peter Rooney, Investment Manager with Mercia Fund Managers, said:
“RCS prides itself on its customer service and speed of delivery. Its rapid growth and its 98% customer retention rate is evidence of its success. The funding will allow it to create additional space to meet the growing demand for its products.”

County Councillor Michael Green, Cabinet member for economic development, said:
"The team at RCS focus on a bespoke offering. An impressive 98% customer retention rate is a clear indication of the success of their work, which we're pleased that Rosebud has been able to support as they look to grow even further.
"The company recently redesigned their website to give customers more details about their product. It's important for companies to use digital technology in this way, to develop their business and bring in new business.
"Rosebud supports businesses by providing them with the support and resources to help them grow. And thanks to our involvement with Boost Business Lancashire, we’re able to help businesses to find the tailored support that they need."

Scroll down to read more articles like this which have been published recently

Why not Sign-up to Receive these Articles by Email each Day

Enter your email address:

Delivered by FeedBurner

* Read more current and archived articles on our dedicated website *

Low Cost and Free Publicity - Your company can easily benefit from some publicity like this in return for a contribution towards our layout costs (£55 to £75 plus VAT), payable in advance via PayPal or credit card or receive the service absolutely free of charge if you advertise (see below).

We post articles up to twice a day and never delete them - we only archive them each year so that they continue to remain visible to search engines.

To have your story published - just send us your news item, logo and image(s) and we will review the material, make any necessary changes to the wording / wordcount and then advise you when it will be published.

If you are a regular advertiser placing series bookings or subscribing to our VIP Packages in our printed and online publications, you will qualify for a specific number of free postings on this blog while you continue to advertise with us.

Also, if you purchase one of our Online and Print Combo packages, Featured Articles or Advertorial packages, posting on this blog is included in the price.

For details and rates for all of our advertising options in print and online, download our media pack contact us or visit our website.

Door Industry Journal is a trading style of Avalon Innovations LLP Company Registration No. 06807833

No comments: