Oldbury-based Glass Express Midlands, a leading producer of bespoke glass products, is to purchase its own premises and invest in new machinery following £535,000 in new funding from Santander Corporate & Commercial.
The firm, which is benefitting from strong demand for its products, is aiming to double its turnover over the next five years to £5 million.
Established in 2008, Glass Express Midlands is owned by founder Salinder Singh. The business provides bespoke glass toughening and has continued to invest in the latest processing machinery, which has allowed it to turn orders around quickly and maintain an edge over competitors. The business has grown rapidly over the last six years, largely due to winning work from competitors off the back of its reputation in the market.
The company has agreed the funding package with the Birmingham office of Santander Corporate & Commercial. It will allow Glass Express to acquire the freehold of the trading premises in Oldbury, along with further machinery, helping the business save on costs and reach its growth aspirations.
Salinder Singh, Owner, Glass Express Midlands, said: “We pride ourselves on being able to offer bespoke products to our trade customers. We have an excellent reputation in the marketplace and numerous recommendations from clients. This investment will allow us to make the necessary expansion needed to fulfil our growth strategy and I am confident that we will succeed in our five-year growth target.”
Sukh Nat, Relationship Director, Santander Corporate & Commercial, said: “Salinder has a track record of successful business management having previously owned, and subsequently sold, a number of ventures. He is a very astute and experienced businessman, who has invested into the company and successfully grown it into a profitable entity. We are confident the finance provided will allow him and Glass Express Midlands to further expand their products and services.”