An award-winning firm is relocating to new, purpose-built premises at New Hall Hey.
Slingco Ltd has used a £1 million funding package from NatWest to finance the construction of its new headquarters in Rawtenstall after outgrowing its existing building of 13 years, on Station Road, Whitworth.
The company says it will double the size of its UK business by relocating to the 32,000 sq ft space in December to accommodate business growth - as it looks to recruit key positions.
Slingco has also secured finance from the bank as part of the Coronavirus Business Interruption Loan Scheme (CBILS) to fund the delivery of its growth strategy, including expansion into new markets and products.
Founded in 1980 by Chris Dykins, Slingco designs and manufactures products for cable and conductor installation, support and protection.
Plans are also underway for Slingco subsidiary, Thurra Ltd, an engineering inspection firm, to relocate from its rented premises in Rochdale to Rawtenstall in early 2021.
The company is now run by Chris’s sons Nick Dykins, UK Managing Director, and Matt Dykins, President of Slingco America Inc.
It employs 65 staff at its UK headquarters and a further 31 in Georgia, USA and India. The firm won The Queen’s Awards for Enterprise: International Trade in 2016 and 2020.
David Carroll, Finance Director at Slingco Ltd, said: “Although 2020 has been a challenging year, we remain in a strong position.
“Going forward we are looking to expand our range of high-quality products and invest in new technology to help with product development and improve efficiencies.
“We’re excited to move into our Rawtenstall premises in December, ready to progress these growth ambitions.”
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