A Flintshire-based house-builder is set to increase its presence and boost its turnover to more than £100m in the next three to five years after support from Lloyds Bank.
Anwyl Homes, headquartered in Ewloe, builds high-quality homes across Cheshire, Lancashire and North Wales.
Over the past two years the company has experienced significant growth, completing a number of developments across the region.
Most recently, it has announced that it will build 120 new homes in Prescot, Merseyside.
To support the business’ expansion plans, Lloyds Bank has provided an eight figure funding package which will supply the company with the working capital needed to continue to grow organically over the next five years.
Mathew Anwyl, housing managing director at Anwyl Homes, said: “We’ve been developing homes for more than 80 years, creating a range of unique properties that are ideally suited to the needs of our customers.
“The company is going through an exciting period of growth, and we’ll be building 350 new homes for the financial year July 2017 to June 2018.
“We’ve worked with Lloyds Bank for more than 70 years and during this time the relationship team has been a vital support.
“Not only have they provided the funding that we’ve needed to grow, but also the honest and tailored guidance that has helped us to navigate challenges and to thrive.”
John Csizmadia, relationship director for Lloyds Bank Commercial Banking, said: “Over the next five years, Anwyl Homes looks set to expand significantly and to increase the workforce at its head office by 25%.
“Its success is largely down to the management team’s dedication to quality, and the firm is renowned for building luxury homes using skilled craftsman and designers from across the North West.
“Housing developers are a significant part of the country’s economy and their success is essential to Lloyds Banking Group’s mission of helping Britain prosper.
“To boost support to the sector we teamed up with the Homes and Communities Agency to launch the Housing Growth Partnership, which is a dedicated equity investor for the residential development sector.”
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement