Leicester-based S&E Group, which includes manufacturer Michael Smith Switchgear, has secured a half-a-million-pound development loan through Santander UK.
The group, which comprises Michael Smith Switchgear (MSSL), AVW Fabrications and Power Quality Systems, specialises in the manufacture, supply and installation of switchgear and control panels for commercial premises. In 2017, a £1.44m funding deal with Santander UK brought forward the purchase of the business’s current premises, consolidating their existing operations into one new larger site to cater for record demand.
The firm says it will use the loan to fund an extension to its head office.
Emily Smith, managing director of S&E Group, said: “The Santander UK team has developed a deep understanding of our business. This
link source - The Business Desk