Gate firm secures funds for expansion

Gate firm secures funds for expansion

10:14am Thursday 24th January 2008
By Business Editor David Thomson »

A BURY company has secured a gateway to cash flow.

And a significant expansion of their thriving business now looks to be an open and shut case for Regency Gates and Railings thanks to a financial boost.

The company's future pathway to prosperity will be laid thanks to vital funding from City Invoice Finance. Just how critical the money is can be illustrated by the fact that bosses at the Bury firm forecast a massive 50 per cent increase in their business.

Regency Gates and Railings based in Badger Street, designs, manufactures and fits gates, railings and balconies, as well as a new range of garden furniture to customers across the North West. Established in 1997, the family business provides a bespoke service to their customers, allowing them to tailor designs and hand craft their wrought iron products.

Regency enlisted the help of City Invoice Finance to free up funds to help with expansion of the business.

Marie McMahon, of Regency Gates and Railings, commented: "We have worked with City in the past and they really helped us with funds so when planning our expansion they were the immediate choice. This help from City will allow us to increase our customer base across the region."

Mark Millhouse, business development manager at City Invoice Finance, said: "Along with additional funding, City are able to provide credit control and sales ledger management allowing the directors of the business to concentrate on expanding the business."