News

Back to News

29th November 2019

Architectural development specialist, Telling Architectural secures £750,000 loan from MEIF Maven Debt Finance

Tags

Debt financeMaven Debt Finance West MidlandsStoke & Staffs LEP

Staffordshire-based company will use MEIF funding to execute ambitious growth plans by expanding their facilities and supporting a recruitment drive

The Midlands Engine Investment Fund (“MEIF”) Debt Finance, managed by Maven Capital Partners (“Maven”), has provided Telling Architectural Limited (“Telling”), architectural façade design specialists, with a £750,000 loan to expand their facilities, creating 7 new roles in the region.

Architectural specialist, Telling, designs and supplies a variety of façade rainscreen systems, specialising in clay, brick, ceramic and stone cladding as well as Glass-fibre Reinforced Concrete (GRC) cladding in the UK. With offices in the UK and New York, the company has internationally built a reputation for its expertise in cladding, offering clients design services, technical assistance and installation support.

According to Market Research Future, the global GRC market is valued at approximately $1.83 billion (£1.48 billion) and is expected to reach $3.35 billion (£2.72 billion) by 2023 representing a CAGR of c.10.3%. Demand is heavily affected by trends in construction activity, which has been resilient due to investment from the private sector and government initiatives introduced to stimulate the residential market, growing adoption of environmentally friendly and lighter weight material to meet the new government nett zero carbon targets for construction by 2050.

Telling is backed by an experienced management team, which include Mike Wood, Chief Executive and Russell Clark, Managing Director, who both co-founded the business in 2002.

Mike Wood, Chief Executive of Telling, said, “It is the perfect time for us to receive this loan from MEIF Maven Debt Finance as our business is on a growth trajectory. The funding will be used to expand our facilities and support recruitment drive; enabling us to grow our team, continue to produce quality products and services, all whilst meet growing demand. We look forward to the exciting plans ahead.”

Sajid Sabir, Investment Associate at Maven said: “Telling is an established player in the UK façade and GRC cladding product market. The business was a pioneer in the UK market to introduce brick-faced GRC cladding products and is continuously working with customers to provide innovative solutions. It is truly an exciting time for the business, and Maven look forward to working with management to support their next phase of development.”

The deal was supported by Orbis Partners, who undertook due diligence on behalf of Maven.

The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

Follow @midsenginv


Worcestershire-based @RapidRetail has secured £98k from @B_C_R_S through the #MEIF in conjunction with #CBILS.

The finance boost will help the firm, which supplies modular retail units, to fulfil orders and protect jobs.

Read more in @insiderwestmids: https://t.co/9ANR7Ho2Kn https://t.co/DdPkIEmVqg
MidsEngInv photo

#MEIF finance can be used to support buying machinery, hiring staff or expanding into new markets. A recent Early Assessment Report found that the Fund’s investment was enabling more businesses to export abroad.

Read the full report here: https://t.co/husSGZCYQu https://t.co/m3PNR6Jf0K
MidsEngInv photo

We have launched a #MEIF LinkedIn. Follow the page for the latest investment news, Fund information and support on accessing finance: https://t.co/mhwkGSoAcr https://t.co/JOSv8rnRAQ MidsEngInv photo

The @BritishBBank’s Coronavirus Business Interruption Loan Scheme is available to SMEs disrupted by COVID-19. #MEIF fund managers @B_C_R_S, @FinanceSE and @1st_Enterprise join partners providing up to £5m to UK SMEs.

Find out more about #CBILS: https://t.co/2xEu9sVTmd https://t.co/7PDOSn4uUl
MidsEngInv photo

#MEIF Proof-of-Concept equity funding can help you get an idea off the ground and realise your business dream. Available via our fund manager @Mercia_PLC, find out more about this funding type here: https://t.co/mQ2yg2P91L https://t.co/zO1eTqSEvc MidsEngInv photo

Find Out More

If you would like to meet with one of our appointed Fund Managers to talk in more detail please go to Funds Available to find the Fund Managers operating in your area

Small Business Loans

£25k – £150k

Learn More
debt finance

Debt Finance

£100k – £1.5m

Learn More
equity finance

Equity Finance

£50k – £2m

Learn More

Proof of Concept

Up to £750,000

Learn More

Follow @midsenginv


Worcestershire-based @RapidRetail has secured £98k from @B_C_R_S through the #MEIF in conjunction with #CBILS.

The finance boost will help the firm, which supplies modular retail units, to fulfil orders and protect jobs.

Read more in @insiderwestmids: https://t.co/9ANR7Ho2Kn https://t.co/DdPkIEmVqg
MidsEngInv photo

#MEIF finance can be used to support buying machinery, hiring staff or expanding into new markets. A recent Early Assessment Report found that the Fund’s investment was enabling more businesses to export abroad.

Read the full report here: https://t.co/husSGZCYQu https://t.co/m3PNR6Jf0K
MidsEngInv photo

We have launched a #MEIF LinkedIn. Follow the page for the latest investment news, Fund information and support on accessing finance: https://t.co/mhwkGSoAcr https://t.co/JOSv8rnRAQ MidsEngInv photo

The @BritishBBank’s Coronavirus Business Interruption Loan Scheme is available to SMEs disrupted by COVID-19. #MEIF fund managers @B_C_R_S, @FinanceSE and @1st_Enterprise join partners providing up to £5m to UK SMEs.

Find out more about #CBILS: https://t.co/2xEu9sVTmd https://t.co/7PDOSn4uUl
MidsEngInv photo

#MEIF Proof-of-Concept equity funding can help you get an idea off the ground and realise your business dream. Available via our fund manager @Mercia_PLC, find out more about this funding type here: https://t.co/mQ2yg2P91L https://t.co/zO1eTqSEvc MidsEngInv photo

For the latest news and views join our mailing list

Join our mailing list

Just add your details below to receive the latest Northern Powerhouse Investment Fund news and information