Timbmet Door Solutions Limited has announced that it has agreed a £4.3 million package of long term lend and working capital facilities with Santander Corporate Banking. This new relationship will enable the company to continue to develop its growth strategy with confidence.  

In addition to lending and cashflow facilities, Timbmet Door Solutions has also taken the decision to move its day to day banking needs to Santander. This new relationship was developed with Santander's corporate banking team in the East Midlands, which will also manage the relationship going forward.

Timbmet Door Solutions Limited manufactures and supplies bespoke specialist performance door sets, including fire doors, x-ray doors and privacy panels. The company was established 15 years ago and has operated as Timbmet Door Solutions since 2002. In 2008, after a period of strong growth, Timbmet opened its 71,000 sq. ft. manufacturing and distribution plant in Mansfield and over 220 employees are currently employed at this site and its Head Office in Thurmaston, Leicester. The company supports construction contractors across a number of sectors such as healthcare, education, defence, energy and security.

Ash Malhan, Chief Executive at Timbmet Door Solutions said: "Timbmet has achieved strong growth in recent years and the bespoke refinance package we have put in place with Santander will satisfy our immediate business requirements and should also grow and evolve with the business.

"Our new relationship with Santander's corporate banking team follows a full review of our banking needs and we have been delighted with the level of service we have received. Michelle Pownall worked closely with Jordan Shaw, and the Santander team have taken the time to fully understand our business and our needs, and we look forward to working closely with them going forward." 

Michelle Pownall, Relationship Director at Santander's East Midlands Corporate Business Centre said: "Timbmet Door Solutions is a well established business, with a strong management team and a clear strategy for future growth. I am pleased that we have been able to provide the banking services needed to support their future plans.

"Santander is committed to building long term relationship with commercial and corporate customers in the East Midlands. We aim to become the bank of choice for businesses and are keen to support well run, viable businesses and our relationship with Timbmet Door Solutions is a great example of this."

Santander Corporate Banking has a team of 12 specialist relationship directors based at its East Midlands offices in Nottingham and Leicester. The centres support a growing number of corporate and commercial customers with a turnover above £1 million. For further information on the range of services available from Santander Corporate Banking, businesses can contact the team in Nottingham on 0551 147 7800 or the team in Leicester on 0800 4046187.