UKSE’s £250k investment helps opens doors for Xander.
A £250k investment from UKSE is playing an important part in helping Teesside start-up business Xander Doors launch a new manufacturing facility and meet growing demand.
UKSE’s funding, made up of a debt and equity package, is part of a total £500k investment that provides Xander Doors with finance for equipment and working capital. UKSE and the company, which launched in October 2021, were introduced by James Clinghan of finance brokerage Trusted Business Partner.
With the investment in place, Xander Doors, a manufacturer of high fire quality fire doors based in Hartlepool, is predicting a turnover of more than £1m within its first two years.
Managing Director Ken Napper, said: “The company has been born from over 27 years of experience in the door manufacturing industry. We have put all the knowledge and expertise we’ve acquired to start up a niche, hyper-focused company that we hope to scale and grow exponentially over the next 10 years.
“Thanks to the UKSE investment and another secured for us by our advisor James Clinghan we have been able to purchase state-of-the-art equipment and the joinery ancillaries we need to begin fulfilling our first orders.”
UKSE will work alongside Xander Doors as a strategic equity partner. As orders increase, the company plans to continue to recruit from the local area and hire former steel industry workers wherever possible.
Peter Taylor, Business Development Manager at UKSE, said: “This is a significant investment into a start-up business but Ken’s industry experience gave us the confidence that he would get both customers and suppliers on board swiftly.
“The company is already making great strides and we’re looking forward to working alongside them to develop a profitable, reputable business that creates jobs in the local area. We are looking forward to seeing what can be achieved in 2022.”