Staircraft in further expansion
31 May 2016National staircase and floor manufacturer Staircraft Ltd will create 30 new jobs, after a £6.8m funding package has enabled it to open a new factory in West Bromwich and acquire and extend a second unit in Coventry.
Staircraft Ltd, which has factories in Nuneaton, Wednesbury and Coventry, specialises in the production of wooden staircases and I-beam integrated floor systems.
With the support of Lloyds Bank Commercial Banking, the management team acquired the new factories allowing production space to almost double from 85,000ft2 to 160,000ft2, giving the Staircraft the ability to produce new products, including MDF mouldings to meet growing customer demand.
“Our newest unit will have bespoke manufacturing processes that will allow us to introduce innovative products to expand our customer base, and, as a result, we expect a 50% growth in our turnover by 2017,” said Andrew Hamilton, managing director of Staircraft Ltd.
“Recent improvements in the housing market and demand for new properties have boosted the order book at Staircraft,” said Kevin Roberts, relationship director at Lloyds Bank Commercial Banking.
“It was clear that expanding the firm’s manufacturing capabilities would allow the business to continue to capitalise on growth opportunities.”
