A Stourbridge husband and wife team has acquired a wire mesh business after Central Business Finance helps source joint funding from business lending specialists BCRS Business Loans and UKSE.
Cameron and Elizabeth Wakeman have acquired Midland Wire Mesh Ltd following a joint funding package of £175,000 from BCRS Business Loans and UKSE.
Established in 1975, Midland Wire Mesh Ltd, based on Lodgefield Road in Halesowen, serves a range of sectors including construction, gardening, drainage and the pet industry.
Owners Cameron and Elizabeth Wakeman decided to take over the business when original owners David and Debbie Walters were looking to retire.
As a result of the acquisition, Midland Wire Mesh hopes to create an additional three roles, diversify the in-house services they provide to include welding and invest in new machinery.
Cameron has more than 14 years of sales, marketing, and management experience of the metal industry, in businesses including Midtherm, Servosteel and Intec Laser Services. A phlebotomist at Guest Hospital NHS in Dudley, Elizabeth will be responsible for the company's finance and business marketing.
Cameron said: "Myself and Elizabeth have always wanted to run our own business and when the opportunity came about, we were keen to make it happen.
"I have always worked in the metal industry in various roles from shop floor, operating machinery to sales and management roles so I'm looking forward to applying my skills and knowledge to Midland Wire Mesh Ltd.
"Our aim is to grow the business over the next 12 months and focus on diversifying into new markets including racking, pet care, safety and architectural."
Elizabeth added: "The process with BCRS Business Loans and UKSE was very smooth. From the first meeting we had, the team really believed in us, and we feel like it has been a personal relationship where we have been supported every step of the way.
"We would like to thank the outgoing owners David and Debbie Walters for their support throughout this process. We wish them a very happy and healthy retirement."
BCRS Business Loans provides funding to West Midlands businesses that may not be able to access finance from traditional lenders.
BCRS Business Loans senior business development manager, Lynn Wyke, said: "As a lender that delivers funding for social and economic impact, it is great news that the funding will generate new jobs and enable the company to innovate."
Midland Wire Mesh was introduced to UKSE by Birmingham- based Central Business Finance.
UKSE regional executive Mike Lowe said: "Midland Wire Mesh is a great example of a Midlands manufacturing business looking to grow through investment and innovation.
"Cameron and Elizabeth were a pleasure to work with and we wish them all the success as they grow and develop the business."
Central Business Finance director Steve Harris said: "I am thrilled to have been able to assist Cameron and Elizabeth to source suitable finance.
"Businesses like Midland Wire Mesh are a perfect example of where we can add value by opening up opportunities for the business to grow and prosper."
Comments