A STEEL manufacturer which turned over £3million-per-year prior to the lockdown will strengthen its position by doubling the size of its Bromsgrove base when economic conditions improve.
All 4 One Engineering, located in Aston Road, has been granted planning permission to extend its 22,000sq ft plant.
The industrial roofing and cladding firm has been supported throughout the crisis by Lloyds Bank which helped it secure a six-figure funding package via the Government-backed Coronavirus Business Interruption Loan Scheme.
As well as providing materials to NHS construction projects, the business is also manufacturing essential steel products for healthcare trusts across the UK.
The funding has enabled it to continue supporting the NHS while managing cashflow issues caused by the temporary closure of construction sites during the pandemic.
Kim Williams, managing director of All 4 One Engineering, said: “We’ve been fortunate enough to remain open for business with a reduced team despite the impact of Coronavirus on the construction industry.
“However, like all businesses, our suppliers and clients have been affected which has had implications for our cashflow.
“The rapid arrival of the funding has provided us with the short-term flexibility to weather the storm and continue to support projects for clients including the NHS.”
Ian Monk, relationship manager at Lloyds Bank, said: “We’ve worked with All 4 One Engineering for more than 15 years and it is clear that, prior to Covid-19, it was performing well.
“This funding will be critical in the short-term and will hopefully leave them in a strong enough position to revisit their growth aims on the other side of the crisis.”