AN ANGLESEY WATERPROOFING company has agreed a new finance deal as it looks to capitalise on a significant upsurge in new contracts.
AAC Waterproofing Ltd has agreed the new deal with Catalyst Business Finance, a short-term business finance specialist.
Established in 1976 as Anglesey Asphalt Company, AAC has been trading in its current format since 1989. Specialising in commercial and industrial roofing, AAC founder Ian Parry foresaw the changes which needed to occur to take flat roofing into the future. Ian discovered Prelasti EPDM, which was developed by tyre manufacturer Pirelli.
The Prelasti membrane is made-to-measure by vulcanising sheets at the Anglesey factory and AAC has the UK Distribution Rights for the Prelasti system.
The company install and supply for commercial building projects across the North West, including several major high-profile developments .
Andy Porter, Managing Director of AAC Waterproofing said, “We are currently experiencing an upsurge in new contracts and it is vital to keep our production capability at its maximum to fulfil our growing order book.
“As soon as we started talking to Catalyst about our plans for the future and the assistance we needed, we knew they would be the right lender for us. Martin and the team have been outstanding with their support and foresight in helping us with this facility.”
Laura Hibbert, Finance Director of AAC Waterproofing added, “We needed to future-proof our manufacturing capabilities for the Prelasti system. By using a short-term loan, we have been able to spread the costs of our machinery upgrade over a 12-month period which has been vital in supporting our cash flow position.”