Glasgow-headquartered New Vent Solutions Ltd, a wholesaler of chimney and flue supplies, has secured £119,000 from Santander Business Banking to move to larger, more suitably located premises. The funding will also allow the firm to install a showroom for walk-in retail customers, to showcase the best fireplaces and stoves on offer.
The new headquarters are located in the west of Glasgow, near the M8 motorway, which allows fitters and tradesmen from across Scotland and the UK to easily access the business.
The move has facilitated a growth in the business’ sales due to the location and has led to a large increase in wholesale customers from a much wider remit than was previously available. Customer retention has increased and there has been a significant decrease in transportation and delivery costs, resulting in a reduced environmental impact from van emissions.
David Higgins, Managing Director, New Vent Solutions, said: “The funding from Santander has been invaluable to achieving our growth aspirations, which we can focus on whole heartedly as a result. We now have the security of owning our first premises, which will allow us to further drive profits and expand our sales remit to the retail space.”
James Donaldson, Relationship Director, Santander Business Banking, commented: “New Vent Solutions’ business proposition is excellent and is one we are delighted to support. The funding provided will not only allow the business to move into more suitably located premises but will help it target new retail customers with the showroom. Santander is dedicated to providing the most competitive funding to UK small businesses such as New Vent Solutions, and we are pleased to support the business as it continues to grow.”