One of the UK`s leading interior fit-out contractors is set to hire five staff after re-organising and rebranding as Barlow Interiors.
Five jobs have been created at the Sheffield-based company, which is forecasting a 30 per cent rise in turnover to hit £18m in the next 12 months.
Nick Wales, managing director, said: “We have been operating from Sheffield for more than 140 years.
“After working with major high street clients we recognised that our team had built a range of expertise that could be utilised more across a wider variety of sectors, so we decided to expand our services.”
The firm is expanding from retail into leisure hospitality and banking.
To help support the company’s expansion the management team approached Lloyds Bank, which provided a £700,000 invoice finance facility.
Mr Wales added: “We have a long-standing relationship with the team at Lloyds Bank, and have always found that they have a thorough understanding of our firm and the sector we operate in.
“As a result, they were able to work closely with us to provide a funding package that exactly suited our requirements.”
Andrew Gaunt, business development director for Lloyds Bank Mid Markets, said: “The team at Barlow Interiors has contributed to Sheffield’s local economy for more than 140 years, growing to become one of the leading names in the sector.
“We immediately recognised how we could help enable the firm to expand, as well as creating specialist jobs for people with the expertise needed to help the company to grow further in the coming years.
“We have worked closely with the management team.”