A Milton Keynes company is buying larger premises in the new city and aiming to grow, backed by a £224,000 bank loan.
Specialist Compliant Coatings Ltd, in Burners Lane, Kiln Farm, is buying a part of Heathfield Industrial Estate, in Stacey Bushes, with help from Santander Corporate & Commercial.
Alan Small, managing director of Specialist Compliant Coatings, said: “We have carefully managed our business over the past few years, and feel that now is the time to be reinvesting in our growth. The additional space will allow us to take on bigger contracts, hopefully leading to local job creation in the future. The team at Santander has provided consistent support over the past few years, and we are glad to have a banking partner who understands our business and ambition.”
Mr Small formed the company in 2001. It specialises in the on-site refurbishment of trains as well as component refinishing in Milton Keynes, its work includes exterior and interior refinishing of passenger transport, vinyl and sacrificial film application, car and component refinishing.
Jill Butterwood, relationship director for Santander Corporate & Commercial, said: “Specialist Compliant Coatings is a fantastic example of a strong, well-managed local company, and we are proud to be able to support them with this exciting new venture. It’s great to see local businesses starting to reinvest and gear-up for growth.”