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Distinction Doors, the UK’s leading composite door manufacturer, has secured a multimillion pound funding package from Shawbrook to supports its ambitious growth plans.
Beginning as a wholesale supplier before transitioning into manufacturing and the retail market, Yorkshire based Distinction Doors has been supplying composite doors to the UK market for over 15 years. With extensive experience and expertise, the team work closely with fabricators and installers to make sure wholesalers and homeowners receive the best possible products including quality, cost-effective and energy efficient entrance doors, glazing cassettes and triple glazed glass.
The multi-million-pound deal with Shawbrook will help the team to grow Distinction Doors and the bespoke working capital package includes invoice discounting, an inventory facility and a cash-flow facility to support the business’ short- and long-term ambitions.
Rob Fawke of Gunnercooke acted for Shawbrook, and Paul Trudgill from Knights acted for Distinction Doors. Matt Milnes of Hentons Corporate Finance provided financial due diligence.
- Andrew Fowlds, CEO of Distinction Doors
Andrew Fowlds, CEO of Distinction Doors: “Our success has largely been down to maintaining good relationships with our customers and we felt that Shawbrook shared the same culture. Not only was the team interested in our business, but they explored solutions that we hadn’t thought about, and that really impressed us. They were a natural partner for us.
“This funding has allowed us to invest in our machinery and increase our inventory in the short-term, but also enabled us to begin thinking about our longer-term growth too, and sustainability will play a large role in this.”
Nick Salmons, Director, Corporate Lending at Shawbrook: Distinction Doors is an impressive business, and I am confident our support will enable the team to power up its innovation and ingenuity to fully embrace its potential. I’m looking forward to seeing the business go from strength to strength.
BHP Corporate Finance acted as financial advisor to Distinction Doors. BHP Partner, Don Gray comments: “It was clear from the beginning of the relationship that Shawbrook and Distinction Doors were a good match. Shawbrook’s ability to provide a bespoke package that suited Distinction Doors’ needs was key, and I look forward to seeing Distinction Doors’ growth following this funding injection.”
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