Roof tile manufacturer Russell Roof Tiles has secured an eight-figure funding package from HSBC UK to support expansion and innovation across its operations. The deal will allow the company to increase manufacturing capacity and advance new product development, including its latest launch, Bute3, a design that merges three plain tiles into one for improved efficiency.
The investment follows the completion of an £18.5 million fully automated production line at the company’s Burton on Trent facility, where Bute3 is now in full production. The firm expects a 30 per cent rise in turnover over the coming year, driven by increased demand and strategic reinvestment in its sites.
Founded in 1892 and part of the Crown Roof Tiles Group since 2011, Russell Roof Tiles employs around 200 people across its sites in Burton on Trent and Lochmaben. The refinancing was supported by legal advisers Freeths and Pinsent Masons, acting for the company and HSBC UK, respectively.
