Lamba, a Yorkshire-based welding machine manufacturer has moved into new premises to accommodate a £1m contract.
The 25-year old family-owned firm employs 16 permanent staff. It makes and maintains resistance welding equipment for global customers, predominantly manufacturers of temporary fencing for large event. Its machines were used to make fencing for the London 2012 Olympic Games.
After recently winning a £1m contract with a local industrial flooring manufacturer, and having grown through acquisition last year, Lamba felt capacity at its existing site was overstretched and decided to move to new facilities.
The new site is more than five times the size of the old site at 20,000 sq ft. Lamba was able to finance the relocation and expansion thanks to a loan, secured via the firm’s accounting partner Cliver Owen & Co, for £30,000. NatWest supplied the loan.
Brian Bates, managing director of Lamba Welding Systems, said the company was delighted with its new premises. “The move has been a major step for us, but essential for our business development,” he commented. “The support we have received from our accountants Clive Owen & Co and our bank NatWest has been excellent. Their help and expertise has meant we had funding for the project and we have made other major savings based on the strategic advice we received.
David Lander, senior relationship manager with NatWest, based in Stockton, who co-ordinated the bank’s involvement with the project said: “We’re happy to support Lamba Welding Systems and its continued growth and development. The company has shown a strong commitment to the region and we wish them much success.”