UK Fire Doors’ growth continued with an invoice finance facility from Bibby Financial Services and an asset finance facility from Close Brothers Business Finance.
UK Fire Doors has acquired all plant, machinery and stock at the Langley Mill site in Derbyshire, previously occupied by Leaderflush Shapland before it entered into administration in December 2015.
To fund its recent acquisition, UK Fire Doors received more than half a million pounds funding from Close Brothers Business Finance in the form of asset finance.
The business’ recent acquisition follows three strong years of growth where the company has seen its turnover double.
The company received ongoing funding from Bibby Financial Services in the form of invoice finance.
The company has used the additional working capital to double its production to 50,000 fire doors per year.