Bank facility

Construction firm to receive £1m facility from challenger bank

Aldermore is to provide a new finance facility worth £1m to support a West Midlands-based construction firm.

Telling Architectural – a developer and distributor of advanced building facades – has agreed the new facility with the specialist bank, which will allow it to meet its projected targets.

Launched in 2002, Telling Architectural had a turnover of £5m in 2016 and predicts this will double by 2018. 

The company serves clients in the UK as well as North America and moved to new premises to accommodate its growing staff and support its rising sales. 

Mike Wood, managing director at Telling Architectural, said once it met with Aldermore it knew it would be the ideal partner.

“Our existing lender was not able to offer the financial support we needed to maintain our recent strong growth, so we were introduced to Aldermore by one of our independent consultants.

“The team at Aldermore has demonstrated a strong desire to deliver a bespoke funding solution in a very short space of time and we found them extremely easy to work with throughout the deal. 

“The specialist support from the bank has also supported our smooth transition to new premises, and we look forward to making 2017 the most successful year yet for Telling.”

Karen Allen, head of specialist finance at Aldermore, added: “Over the past 15 years, Telling has built a strong reputation for delivering the highest-quality products to clients in both the UK and North America. 

“We’re thrilled to be able to provide the company with this new funding, which will ensure it has the financial means to meet growing customer demand and achieve its forecasted growth.”

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