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Clarion help North West commercial flooring company to expand

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Stockport-based supplier and fitter of commercial flooring, Siteform, has secured funding to support its continued growth from Leeds funding provider Reward Capital, assisted by a group of Yorkshire advisers.

Stockport-based supplier and fitter of commercial flooring, Siteform, has secured funding to support its continued growth from Leeds funding provider Reward Capital, assisted by a group of Yorkshire advisers.

Reward Capital has provided a flexible facility for Siteform which will enable the successful company to continue to expand.  The deal was arranged by Andrew Ward of Reward Capital, advised by Clarion in Leeds, with due diligence provided by Adam Simpson of Sheffield-based P&A Receivables.  Management was advised by Danielle Bennett of Cobbetts’ Leeds office.

Siteform specialises in a range of floor covers including safety flooring, non-slip flooring and rubber and sports flooring.   The company works for many of the larger building contractors including Amec Construction, Bovis Lend Lease, Galliford Try and Bardsley Construction.  Working across the country, Siteform is one of only four firms in the North West accredited to the educational and healthcare sectors.

Mike Corrigan, managing director of Siteform, commented: “When other financial institutions proved unable to help us, Reward Capital stepped in and put a facility in place within a matter of days.  Our order book is currently at a level not seen for a long time and we now have a funding structure which will enable us to grow with confidence.”

Andrew Ward, managing director of Reward Capital, said: “Siteform is exactly the type of business we are looking to help – an established, expanding company which needs facilities which will enable it not only to secure jobs, but will also provide a platform for future growth.

“This is our first deal in the North West and we hope it will be a spring board for us to assist more companies in the region.”

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