Family-run retailer secures seven-figure support to expand into new Enfield HQ

A multi-million-pound commercial mortgage from Allica Bank has enabled Tron Worktops, which trades online as House of Worktops, to purchase a new company headquarters as part of its plans for major expansion.

Confirming Allica’s commitment to supporting established manufacturing SMEs, the £5.3m commercial mortgage is being used to acquire a new, larger £8.5m facility in Enfield, North London.

It will enable the business owners to deliver the next stage of Tron Worktops’ growth and allow it to meet the increasing demand for its wood worktops and newly launched wood flooring solutions.

Tron Worktops is a family-run business and is the only end-to-end worktop producer in the UK, importing its premium timber from the Balkans and then producing and delivering bespoke worktops and flooring products directly to its UK customers.

The business has experienced significant growth since it started trading from its current St Albans base in 2019. The move to new premises, secured with Allica’s support, is part of an “aggressive” expansion drive which will give the business significantly more warehouse and order fulfilment space for its products.

This will allow it to increase its newly launched wood flooring range and also grow its builders’ merchants channel, which currently accounts for 40 per cent of its revenue.

Mert Yashar, who owns and runs Tron Worktops in partnership with his brother, Murat Yashar, commented: “It’s fantastic to secure the ongoing growth of Tron Worktops by purchasing our new Enfield premises.

“The business has gone from strength-to-strength over the past couple of years, and this extra capacity will allow us to take advantage of some exciting opportunities for expansion as we invest in new product areas and channels.

“Allica Bank was the perfect lender to help us with this expansion. They met with us and took the time to understand these opportunities and the strength of our business. They will be a fantastic partner to Tron Worktops as we continue to grow into the future.”

Michael Mann, senior business development manager at Allica Bank, added: “The management’s resilience and creativity have seen them achieve astonishing results in a challenging economic environment, and it’s people and businesses like this that will be key in the UK’s economic recovery in the months and years ahead.”

By Matthew Neville – Senior Correspondent, Bdaily

• Add me on LinkedIn and Twitter to keep up to date
• And follow Bdaily on Facebook, Twitter and LinkedIn
• Submit press releases to editor@bdaily.co.uk for consideration.