13/08/2015

£50,000 loan from Finance Wales helps North Wales garment manufacturer expand in Anglesey Enterprise Zone

A North Wales company which recently manufactured flying suits for the Wales Air Ambulance Service has relocated its headquarters and production facility from Gaerwen to Llangefni in the Anglesey Enterprise Zone.

Brodwaith’s order book has grown significantly over the last 5 years and the company needed to increase its capacity to meet the extra demand and approached Finance Wales for support.

The new premises are larger and provide the systemised textile and garment manufacturer with additional production space, warehousing facilities as well as a sales area.

Brodwaith will retain its facility in Pentrefoelas, near Betws-y-Coed which houses its embroidery and printing operations.

Brodwaith used a £50,000 loan from Finance Wales to purchase new production equipment, fit out part of the new premises and fund other moving costs.

As an SME moving to one of Wales’ Enterprise Zones, Brodwaith qualified for a 2% interest rate reduction from Finance Wales in addition to a range of other benefits.

The company now plans to grow both its retail and trade operations and to employ new staff.
 
“Brodwaith manufactures off-the-shelf and made-to-measure uniforms and workwear for retail and trade customers.  Our business has been growing steadily over the last 5 years and particularly since we improved our machining facilities. Relocating to larger premises in the Anglesey Enterprise Zone will be key to our continued expansion.

“We can now meet the increased demand for our products and services from schools and PPE wholesalers.  Finance Wales’ loan helped us to increase our production capacity, purchase state-of-the-art production equipment and fit out part of our new showroom,” explained Brodwaith’s director, Menna Roberts.

Established in 1991, Brodwaith is known for providing customers with good value for money.  It supplies customers thoughout the UK, including schools and childrenswear retailers in addition to the police, leading builders’ merchants, colleges and museums. 

Brodwaith also supplies other manufacturers with specialist components and operates a traditional ‘Cut, Make and Trim’ service. 

Svetlana Goode, Investment Executive at Finance Wales made the loan.  She said: “Brodwaith is an established business which has adapted to challenging trading conditions and steadily grown its market share over the last 5 years.  They’ve even beaten off competition from suppliers in lower cost locations around the world.  Finance Wales’ loan has provided Menna and her team with the financial boost they need to build on their success.”

If your business is interested in micro loan finance click here.