Construction titans choose Barclays to support growth plans

A construction business based in Burton-upon-Trent, Ischebeck Titan Ltd has announced major expansion plans with a new funding package from Barclays.

The group have completed a re-banking and re-financing exercise which supports their growth and provides crucial scale-up working capital finance.

Included in the finance package is a term loan used to purchase hire stock, in particular NOE panels, a high strength formwork panel system used for efficient casting of walls in a wide variety of applications.

In 1990, Ischebeck Titan Ltd officially registered its Formwork and Ground Engineering divisions within the UK. During 30 years, the company has evolved into an international group of companies.

The company strives to maintain a family centric culture, building on the strong ethos of its German parent company and manufacturer, Friedr Ischebeck Gmbh.

The company operates from a distribution centre and head office in Burton upon Trent, Staffordshire.

All research and development, together with ongoing project design and detail is carried out from a design office facility in the North of England. A qualified team of sales engineers service the business via a national sales network.

The group currently employs 140 staff in the UK with turnover currently £28m to Dec 2021.

Stuart Bamford, managing director of Ischebeck Titan in the UK, said: “We 're absolutely delighted to continue our banking relationship with Barclays and appreciate their desire to understand our business and build a strong partnership approach.

With the banking facility secured, the platform has been laid to continue our growth journey, pursue new opportunities, and provide an exciting future for the business. Ischebeck Titan have established significant milestones which we continue to push towards over the coming years and we see Barclays playing a crucial part in this development. ”

Andy Tidmarsh, Barclays relationship director put together the funding package for the deal and said: “I am really pleased to have provided another package of financial support to Ischebeck Titan Ltd. Stuart and the team are really ambitious and delivering strong growth by supporting the next stage of their journey, in particular with the new hire stock. ”

Kate Kniveton, MP for Burton and Uttoxeter, commented, “I am delighted that Burton-based construction company, Ischebeck Titan Ltd, has chosen to make a significant funding investment into their business and headquarters here in Burton.

“With the support of Barclays Bank, this investment is a sign of confidence and commitment that Burton is a place to do business, bringing economic growth and employment to our area.