Manufacturer Invests In New Site With Lloyds Bank Support

Stephens Gaskets has invested in a new site thanks to a £1.7m loan from Lloyds Bank as it looks to meet growing demand for its products.

Stephens Gaskets, which has been making precision components for the automotive industry since 1947, has acquired a new 62,000 sq ft site, three times larger than its existing premises. The move means the firm will boost output by as much as 50 per cent to meet increasing demand from its existing customers and take on more new business.

The business has said its turnover increased by 20 per cent during the past twelve months and its workforce has also grown. The firm also temporarily shifted its operations to support national efforts to produce PPE for frontline workers during the coronavirus outbreak.

Piers Baynton, manager at Stephens Gaskets, said:

“We saw demand shoot up last year and it quickly became apparent we would need to relocate somewhere bigger if we wanted to keep growing our business.

“We are proud to be a family business that has been passed down through three generations and the Lloyds Bank team has helped us to maintain our family values while supporting our growth. We’ve no doubt that our partnership will continue as we take this exciting new step in our journey.”

Mark Corfield, relationship manager at Lloyds Bank, added:

Stephens Gaskets has enjoyed growth during an uncertain time and this looks set to continue. We’re looking forward to helping them take the next step in their journey as they move into their new premises and look for new opportunities to expand.

“The West Midlands remains the country’s manufacturing heartland and it’s fantastic to see another homegrown firm enjoy such success. We will continue to support them and other manufacturers in the area as we continue to help Britain prosper.”

UK PPE Visors At Stephens Gaskets

We at Stephens Gaskets wanted to express our gratitude to all of our customers who supported us during the pandemic. We are honoured to provide PPE visors and shields to the UK. Additionally, we appreciate your continued support. Please contact us if you’re looking for a manufacturer of PPE visors in the UK, we’d be happy to help. For more details, please call us on 0121 544 5808 or visit our website.

If you enjoyed reading this article, you may also like: Local MP Shaun Bailey visits Stephen Gaskets to thank them for PPE efforts or PPE Visors For The Hair And Beauty Industry

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