Royal Bank of Scotland has supported fast growing online tile retailer, Tile Mountain Limited, with a seven figure funding package to facilitate its expansion to a brand new five acre site in Tunstall, Stoke on Trent.
The company has completed the move to the brand new £10m purpose-built head office and distribution centre which is providing more suitable space for the expanding business to operate from. The 120,000 sq ft building comprises warehousing, showroom and office space.
Established in 2013, Tile Mountain is today run by two of the company’s original founder members, former owner of Tile Giant Mo Iqbal and ex Topps Tiles commercial director Jeremy Harris. Tile Mountain is one of the fastest online growing tile retailers. The company has experienced substantial growth of 60% year-on-year for the last three years and has set out plans to create 70 new jobs over the next three years as a result.
Royal Bank of Scotland provided Tile Mountain with funding to support the £10m purchase, development and relocation costs of the new premises.
Jeremy Harris, Managing Director of Tile Mountain, said: “We are thrilled with the new site. It has been specifically designed to meet our growing business needs and has enabled us to greatly improve our operational efficiency.
“Steve Jackson and the team that we have worked with at Royal Bank of Scotland have been a great support to us throughout this exciting time. The funding process has been handled very smoothly and has enabled us to create this outstanding facility.”
Steve Jackson, Relationship Director at Royal Bank of Scotland, said: “I am pleased that we have been able to support Tile Mountain with funding for the new premises. The business is growing rapidly and the new facility is much better suited to the companies changing needs.”