Home of Worktops secures industrial mortgage from Allica Financial institution

Home of Worktops secures industrial mortgage from Allica Financial institution to purchase new £8.5m north London premises as a part of a significant growth drive 

Tron Worktops – which trades on-line as Home of Worktops – has secured a multi-million-pound industrial mortgage from Allica Financial institution to buy a brand new headquarters in Enfield, signalling the corporate’s plans for a significant growth. 

The corporate’s new, bigger £8.5m base in Enfield, North London – purchased with the assist of a £5.3 million mortgage from enterprise financial institution Allica – will assist the following stage of Tron Worktops’ development and permit it to fulfill growing demand for its wooden worktops and newly-launched wooden flooring.  

Tron Worktops is a family-run enterprise and is the one end-to-end worktop producer within the UK, importing its premium timber from the Balkans after which producing and delivering bespoke worktops and flooring merchandise on to its UK clients.  

The enterprise has skilled important development because it began buying and selling from its present St Albans base in 2019. The transfer to new premises, secured with Allica’s assist, is a part of an formidable growth drive, which is able to give the enterprise considerably extra warehouse and order fulfilment area for its worktops and flooring merchandise. This may permit it to extend its newly launched wooden flooring vary and in addition develop its builders’ retailers channel, which presently accounts for 40% of its income. 

Mert Yashar, who owns and runs Tron Worktops in partnership together with his brother, Murat Yashar, mentioned “It’s incredible to safe the continuing development of Tron Worktops by buying our new Enfield premises. The enterprise has gone from strength-to-strength over the previous couple of years, and this further capability will permit us to benefit from some thrilling alternatives for growth as we put money into new product areas and channels. 

“Allica Financial institution was the right lender to assist us with this growth. They met with us and took the time to know these alternatives and the power of our enterprise. They are going to be a incredible associate to Tron Worktops as we proceed to develop into the long run.” 

Michael Mann, Senior Enterprise Improvement Supervisor at Allica Financial institution, added: “Allica Financial institution is proud to assist such an excellent family-run enterprise like Tron Worktops. The administration’s resilience and creativity have seen them obtain astonishing ends in a difficult financial surroundings, and its individuals and companies like this that will likely be key within the UK’s restoration within the months and years forward. 

“This deal highlights Allica’s experience in supporting established companies and our dedication to delivering regional assist. We’re proud to be working with Tron Worktops and we sit up for working carefully with Mert, Murat and their group to assist obtain their subsequent stage of development.” 

Damian Cain, Director​ at Full FS, the specialist distributor who labored to search out the funding associate for this buy, mentioned: “Allica Financial institution, and Michael Mann particularly, have been extraordinarily supportive through the progress of this mortgage. Loans of this dimension are sometimes seen as a barrier to some lenders, however we have been delighted with the pace and integrity given by the financial institution. Importantly, deadlines have been met and all concerned have been impressed with how the financial institution managed the method for this massive mortgage.”