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Coventry manufacturer speeds up growth plans

Dear  RebeccaPlease find the previews & download links to your latest photo shoot: Ref:Lloyds Bank Marrill Limited Date:3.12.15These images have been resized for all printed mediaCaptionsFile No:IMG_5735 to IMG_5750LR Jason Phillips MD Marrill Limited,Claire Carr Client manager Lloyds Bank,  Paul Griffin Head of Finance Marrill Limited,Grant Warren Relationship Director Lloyds Bank, Martin Rowe Reginal Manager Lloyds BankFile No:IMG_5758LR Claire Carr Client manager Lloyds BankFile No:IMG_5764LR Grant Warren Relationship Director Lloyds BankFile No:IMG_5771LR Jason Phillips MD Marrill LimitedFile No:IMG_5779LR Martin Rowe Reginal Manager Lloyds BankFile No:LR Jason Phillips MD Marrill Limited, Paul Griffin Head of Finance Marrill Limited,Grant Warren Relationship Director Lloyds Bank*Please note you cannot forward this link to a third party in order for them to access these files (their email addresses need to on the system).If you need third partys to access files, please let me have there email addresses*. *Please note image files supplied to third partys  are only supplied on the understandingthat they solely used in relation to the original booking. If anthorised by you the client , third partys  will be charged a reproduction fee to use in all printed & online media.Image files  will available online for 14 days from today date for you to download.Yours sincerely,Ian Tennant AIOV,LRPS,LBIPP Photographer & Videographer Ian Tennant Photo VideoTel: 07973 30 40 23 Fax: 01384 70089Email: iantennant3@mac.com Web: http:

Coventry-based tooling manufacturer, Marrill Limited, is to create 15 new jobs after securing a £1million funding package from Lloyds Bank to grow its operations in the West Midlands.

The business specialises both in the design and manufacture of press tooling and high volume metal pressings. It supplies both tooling, pressed and lasered components to high profile clients, which include Jaguar Land Rover, Aston Martin, Nissan, Honda and JCB.

After experiencing an increase in demand from the region’s automotive sector, Marrill Limited switched to Lloyds Bank Commercial Banking from its previous banking provider, and was referred to the bank’s Commercial Finance team to support the growth of its workforce with a working capital facility.

The funding package will enable the business to take on new staff at its Coventry and Gateshead plants, introducing a third shift in order to meet the demand for its components. The business now has 170 employees and an annual turnover of £15million.

Paul Griffin, head of finance at Marrill Limited, said: “The automotive sector continues to experience steady growth and we’ve seen an increase in the demand for our components from firms in the region.

“The funding from Lloyds Bank has helped release the constraints on our working capital so we can employ additional staff, and our turnover is set to increase by 20 per cent, which means we’ll be continuing on a really positive growth trajectory.

Martin Rowe, manager at Lloyds Bank Commercial Finance, said: “The working capital facility has provided Marrill Limited with a safeguard to ensure it can maintain a healthy cash flow whilst growing its workforce. With more staff, the business will be able to fulfil the growing quantity and size of its contracts.”

Grant Warren, relationship director, manufacturing team, at Lloyds Bank Commercial Banking, said: “Automotive manufacturing is a staple element of the region’s economy here in the Midlands, and as car manufacturers continue to invest in their facilities it will have a positive impact for firms down the supply chain.

“By increasing capacity in its Coventry facility, Marrill Limited will be able to replicate the success of its Gateshead operation. At Lloyds Bank we’re dedicated to supporting businesses like this, which is why we’ve pledged to grow our net lending by at least £1billion to SMEs every year until the end of 2017.”