Member Article

Runcorn-based manufacturer gains £7m funding with move to Yorkshire Bank

£7m funding has meant that Runcorn-based Ventcroft Ltd, a manufacturer of fire and security products, can expand its product range and target new work in the Middle East.

Yorkshire Bank has provided the funding, which includes the complete transfer of all banking facilities, to support the company’s growth ambitions.

The deal was delivered by Mike Scott, relationship manager at the Bank’s Business and Private Banking Centre in Merseyside.

In the last year, the business has completed relocation of its production to a 100,000 sq ft purpose-built factory at Astmoor Industrial Estate.

The move means that its cables are now designed, produced and delivered from one of the most modern automated cable plants in the world.

MD of Ventcroft Ltd,Frank Rotheram, said: “Imagination, innovation and technical expertise are the cornerstones of our business, together with our young, highly trained and well motivated workforce.

“We work closely with our customers to create product ranges that meet, and even exceed their needs and are installer-friendly.

“We consistently strive to challenge conventional constraints in developing and delivering the highest performance products available.”

“Yorkshire Bank’s focus on supporting the manufacturing industry aligns perfectly with what we were looking to do and we’ve been highly impressed with Mike Scott’s approach. “With the ongoing support of Yorkshire Bank and our loyal staff, together with the Director and Shareholder investments in the new site, we have the ability to grow our business progressively as the UK and European economies recover and become stronger.”

Head of Yorkshire Bank’s Merseyside Business and Private Banking Centre, Stewart Cook,said: “Ventcroft Ltd is an innovative and ambitious business that continues to diversify its product offering in order to become a leader in its field on a worldwide stage.

“As economic conditions continue to improve, Yorkshire Bank remains focused on supporting the growth ambitions of businesses in Cheshire.”

This was posted in Bdaily's Members' News section by Sophia Taha .