Neath Port Talbot’s Ministry of Furniture celebrates three years of trading
Ministry of Furniture, a phoenix company which emerged
following the closure of the Port Talbot Remploy factory in 2013,
has celebrated three years of successful trading with an open event
at their new showroom in Baglan.
The start-up company was originally funded with investment from
Finance Wales and NatWest Bank and now employs 14 people. With a
positive focus on employing people with disabilities, the company
which specialises in making and supplying contract furniture
to the educational and commercial sector, is wholly owned and
managed by former Remploy staff.
Finance Wales invested £45,000 as part of a larger funding round
with Nat West, RBS Invoice Finance and Lombard in 2013 to help
eight former Remploy employees start the business. Ministry of
Furniture now has more than 1000 clients nationally.
Managing Director Graham Hirst said: “Thanks to the investment
from Finance Wales we were able to safeguard a number of skilled
jobs. Over half of our staff are people with disabilities and we
are constantly working with our suppliers and key stakeholders to
ensure they are similarly focused on social impact. Finance Wales
has a great track record in positively support sustainable
businesses and it was great to work with them. We’re also committed
to training through our apprenticeship scheme.”
“We’re pleased to support Ministry of Furniture as they grow,”
added David Knight, Investment Executive in our micro loans team.
“They’re an ambitious, socially conscious business with a strong
skill base. The business has gone from strength to strength,
trading nationally with around 1000 commercial and public sector
customers including schools, major sports clubs, SMEs and Nationals
including building contractors. Strong future growth in the
commercial sector is planned for as the company continues to
recruit. They’re a great Port Talbot area business.”
Finance Wales offers loans from £1000 to £50,000 from the Wales
Micro-business Loan Fund . They can make flexible debt and equity
investments between £1000 and £3million from across ten business
funds. Multiple rounds of funding are available to eligible
The new showroom was opened by Welsh comedy star Max Boyce.
Last financial year Finance Wales invested £45m into Welsh SMEs,
leveraging an additional £64.6m in private sector investment –
creating or safeguarded over 3,000 jobs.
Ministry of Furniture benefited from investment from the Wales
The EU and Welsh Government backed fund invested £35.9 million
in West Wales, leveraging an additional £73 million in private
funding. More than 2,500 jobs were created or safeguarded by the
fund in West Wales. Across Wales more than 11,000 jobs were created
or safeguarded by investments from the Wales JEREMIE