Home of Worktops secures business mortgage from Allica Financial institution to purchase new £8.5m north London premises as a part of a serious growth drive
Tron Worktops – which trades on-line as Home of Worktops – has secured a multi-million-pound business mortgage from Allica Financial institution to buy a brand new headquarters in Enfield, signalling the corporate’s plans for a serious growth.
The corporate’s new, bigger £8.5m base in Enfield, North London – purchased with the assist of a £5.3 million mortgage from enterprise financial institution Allica – will assist the following stage of Tron Worktops’ progress and permit it to fulfill rising demand for its wooden worktops and newly-launched wooden flooring.
Tron Worktops is a family-run enterprise and is the one end-to-end worktop producer within the UK, importing its premium timber from the Balkans after which producing and delivering bespoke worktops and flooring merchandise on to its UK clients.
The enterprise has skilled vital progress because it began buying and selling from its present St Albans base in 2019. The transfer to new premises, secured with Allica’s assist, is a part of an formidable growth drive, which is able to give the enterprise considerably extra warehouse and order fulfilment area for its worktops and flooring merchandise. This may enable it to extend its newly launched wooden flooring vary and in addition develop its builders’ retailers channel, which presently accounts for 40% of its income.
Mert Yashar, who owns and runs Tron Worktops in partnership together with his brother, Murat Yashar, stated “It’s unbelievable to safe the continuing progress of Tron Worktops by buying our new Enfield premises. The enterprise has gone from strength-to-strength over the previous couple of years, and this additional capability will enable us to benefit from some thrilling alternatives for growth as we spend money on new product areas and channels.
“Allica Financial institution was the right lender to assist us with this growth. They met with us and took the time to grasp these alternatives and the energy of our enterprise. They are going to be a unbelievable accomplice to Tron Worktops as we proceed to develop into the longer term.”
Michael Mann, Senior Enterprise Growth Supervisor at Allica Financial institution, added: “Allica Financial institution is proud to assist such a superb family-run enterprise like Tron Worktops. The administration’s resilience and creativity have seen them obtain astonishing ends in a difficult financial atmosphere, and its individuals and companies like this that shall be key within the UK’s restoration within the months and years forward.
“This deal highlights Allica’s experience in supporting established companies and our dedication to delivering regional assist. We’re proud to be working with Tron Worktops and we stay up for working carefully with Mert, Murat and their group to assist obtain their subsequent stage of progress.”
Damian Cain, Director at Full FS, the specialist distributor who labored to seek out the funding accomplice for this buy, stated: “Allica Financial institution, and Michael Mann particularly, had been extraordinarily supportive throughout the progress of this mortgage. Loans of this measurement are sometimes seen as a barrier to some lenders, however we had been delighted with the velocity and integrity given by the financial institution. Importantly, deadlines had been met and all concerned had been impressed with how the financial institution managed the method for this massive mortgage.”