Friday, August 12, 2022

Leicester manufacturer secures development loan for HQ extension

The S&E Group, which includes manufacturer Michael Smith Switchgear Ltd, has secured a development loan through Santander UK, with whom it has a partnership spanning over seven years.

The Leicester-based Group, which comprises Michael Smith Switchgear Ltd (MSSL), AVW Fabrications Ltd and Power Quality Systems Ltd, specialises in the manufacture, supply and installation of switchgear and control panels for commercial premises.

In 2017, a £1.44m funding deal with Santander UK facilitated the purchase of the business’ current premises, consolidating their existing operations into one new larger site to cater for record demand.

The additional funding has included the provision of a £505,000 development loan to fund an extension to the head office for the growing company.

Emily Smith, Managing Director of S&E Group, said: “The Santander UK team has developed a deep understanding of our business. This new support has enabled us to extend our office space, which has already greatly improved the quality of working life for our staff and the service we can provide to our customers – both of which are integral to our business.”

Jill Yates, Business Relationship Director of Santander UK, said: “We have been working with S&E Group for a number of years and are delighted to provide further support to help the business develop and grow. We look forward to continuing to work together in the years to come.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.

Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.