Durham roofing business increases turnover by £1.75m - and the sky is the limit

A County Durham roofing business is building on its 2019 success after achieving its initial two-year target inside 12 months.

Aspect Facades, which specialises in sustainable roofing, secured a £50k North East Small Loan Fund investment through regional fund management firm NEL Fund Managers at the beginning of last year.

The loan was earmarked to support its drive towards increasing its turnover from £750k to £2.5m by the end of 2020 - a goal which the Shildon firm achieved in less than a year.

Two new jobs were created by the business last year, with three more set to follow in the early months of 2020.

To help drive its continuing development, Aspect Facades has become one of the first businesses to win a second investment from the North East Fund, bringing in a £100k investment.

Daniel Parker, co-founder and co-director, commented: “Our focus on growing the business has paid dividends faster than we’d anticipated, but we’re still very much keeping control of our expansion to ensure we don’t lose touch with what made us successful in the first place.

“A great deal of our growth has come from repeat business and referrals from existing clients, which says a lot about the quality of the work that our team produces, and we’re aiming to extend these relationships wherever possible through 2020 and beyond.

“We’ve enjoyed an excellent relationship with the NEL team over the last year.

“They were quick to get things moving when we started talking about the next stage of our growth plans and I couldn’t fault the way that the process has been managed.”

David Thomas, investment director at NEL Fund Managers, added: “Ensuring ambitious businesses have access to investment capital at different stages of their development is an essential part of enabling them to realise their potential.

“The Aspect team has made very impressive progress over the last year and things look set for even better results to follow in 2020.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →