Taybridge Construction

Construction business decided to change lender following regular rate increases.

At the beginning of 2018, a mixture of uncertainty surrounding Brexit and adverse weather conditions thanks to the “beast from the east” led to a slow-down in the construction industry. That followed an upturn in fortunes in the industry in the summer months, but there’s signs of the industry sliding once again which could be thanks to uncertainty surrounding Brexit.

An astute business like Taybridge Construction will always ensure they are getting the best possible deal and service level for their money, regardless of the state of the industry. And that’s exactly what they did.

Taybridge came to Aldermore looking for a new construction finance facility as their previous lender, who they had been with since the start of their business increased their rates which left their Director Stephen Taylor with no other alternative but to see what else was available in the market.

Stephen said: “We chose Aldermore because the lender we had been with for year's rates seemed to keep on increasing. We looked at other options in the market and Aldermore’s rates were the most competitive and the level of service they offered was right for us”.

Stephen continued to talk about our reputation for delivering on what we say we will. This is something we’re proud of and has allowed us to gain the trust of our clients: “Aldermore has a reputation for delivering on its promises, and it certainly has. The funding process is far smoother than with our previous lender and Aldermore is a much better fit for our company and goals. We now have the support and financial confidence we need to plan for the long-term and continue to deliver high-quality construction to the North West of England.”

Karen Allen, Head of Specialist Finance at Aldermore said: “We deliver on our commitments and take the time to listen to our clients to find a solution that works for them. Taybridge has gone from strength to strength and we are delighted to support them, as they look to continue to fulfil their ambitious vision this year.”

Taybridge, which was established in 2015, is now one of the region’s leading building and civil engineering contractors. It specialises in reinforced concrete foundations, roads and drainage infrastructure, and hard landscaping throughout the North West of England.

Since the start of their business, they have regularly worked on new builds, thanks to government’s Help to Buy scheme, which allows first-time buyers’ the opportunity to get on the property ladder with just 5% deposit. They also work regularly on universities’ expansion and improvement projects.

The funding from Aldermore will enable the business to manage its projects with confidence, allowing the company to continue investing in new equipment, provide training to its staff and support the day to day running of the business.

Stephen said: “Well, it’s allowed us to continue with our day to day expenses, like paying our staff. Allowing us to provide them with any training they might need and have access to funding to buy any new equipment we may need”.

Stephen highlights the importance of having a good Relationship Manager and has high praise for Jess who is in contact with Taybridge on a daily basis: “Jess, our Relationship Manager, is fantastic. Her relationship with Taybridge is strong and she's spoken with us on a daily basis. It really helps when someone has such a good knowledge and understanding of what we are trying to do.”

Stephen is feeling optimistic about the year ahead for the construction industry and feels that the government really is doing its bit to help support: “Things like the Help to Buy scheme makes all the difference and it really helps that new homes are popping up around the country. Since the scheme was brought in by the government, it’s been one of our biggest earners. I also think the increased rates that students are having to pay for tuition fees are being reinvested back in the construction of new buildings at universities. It seems that every university we come into contact with is having some kind of work done one way or another.”