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Scunthorpe based S&E Engineering set for growth following £1m refinance with Aldermore

POSTED: 27th February 2015
IN: Newsroom
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S&E Engineering is looking to recruit additional staff having agreed a new invoice finance facility with Aldermore.

S&E Engineering is run by Martin Sanderson and Jim Swan from their offices in Scunthorpe. The firm provides a range of engineering services including fabrication, CNC, profiling and welding for clients across the UK. They have been trading for 29 years and currently employ 29 people.

Martin and Jim have ambitions to expand and neededadditional funding to assist in the purchase of state-of-the-art machinery and recruit new employees. Aldermore’s invoice finance provided this capital so that S&E Engineering are now perfectly positioned for growth and is looking to recruit additionalnew members of staff over the coming year.

Wayne Spratt, Aldermore’s Regional Sales Manager, worked quickly to understand the needs of S&E Engineering and provided a £1m confidential invoice discounting facility to help the business achieve its growth aspirations.

Martin Sanderson, Managing Director of S&E Engineering, said:

“As the engineering and construction industry gets back on its feet we’re seeing a lot of demand for our services, we need the best people and the best equipment in order to stay ahead of the game.

“Aldermore were willing to listen to our needs and tailor our facility accordingly. Cost saving was essential for us and Aldermore provided a highly competitive offer.”

Leyton Jeffs, Regional Sales Director, Invoice Finance, at Aldermore said:

“S&E Engineering is a great business with strong management and future growth potential. They are set to take on more employees, supporting the local community, which is exactly the sort of company we want to help.

“Wayne and the team at Aldermore worked to ensure we could offer a package that worked for S&E Engineering and fitted with their budget and timescales. This is a classic case of Aldermore’s flexible approach to helping hard working SMEs create jobs, which will ultimately boost the wider economy.”

**Ends**

Find an image of the S&E team here with Martin Sanderson second from the right and Jim Swan on the far left.  

For further information, journalists can contact:

Christina Bridge

Christina.Bridge@cicero-group.com

0207 947 5317

Notes to Editors:

For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page.

  • Finance
  • Asset Finance
  • Business
  • Invoice Finance
  • SME
  • Case Study
  • Press Release
  • Asset Finance
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