Shawbrook Bank has provided timber door distribution company, JB Kind, with a line of funding to support ongoing growth as they further establish themselves as a market leading supplier of high specification timber doors.
JB Kind, established over 140 years ago, originally as a timber merchant supplying the Derbyshire and South Staffordshire region, has specialised in timber door distribution for the past three decades supplying the builder’s merchant, specialist retailers and national house builders. Based in Swadlincote, the company now has over 50 employees and has a growing product portfolio of more than 200 door designs.
Recognising the potential of the business and quality of the products it supplies, the regional Shawbrook team worked closely with the management team at JB Kind to structure a facility that delivered the quantum and flexibility required to meet their strategic objectives.
The company was introduced to Shawbrook Bank through their advisors, Springboard Corporate Finance.
James Cadman, Managing Director at JB Kind, says:
“As a well-established business with a compelling growth strategy, we needed to find ways to fund our investment plans for growth within an evolving marketplace driven by changing buying habits and greater focus on fire door safety and compliance. The team at Shawbrook took the time to understand our plans and worked hard to propose a facility that will help JB Kind with its growth strategy.”
Kelly Henney, Relationship Director at Shawbrook Bank, says:
“It is vitally important for good quality businesses, like JB Kind, to get the appropriate level of service and financing they need to grow and evolve. We’re delighted to have JB Kind as a client and hope this funding will help continue open doors into more markets and continued success.”
Deepak Parekh, Springboard Corporate Finance, says:
“We are delighted to have supported the shareholders of JB Kind with the refinance by securing a comprehensive debt funding package which will enable the business to deliver its strategic plan and unlock numerous growth opportunities.”