A WARWICKSHIRE firm supplying suspended ceilings and partitions has secured substantial new contracts and doubled its turnover.
Taylor Hart Ltd, which is based in Meriden and employs 200 people, supplies and installs suspended ceilings and partitions to high profile developments. Recent new business wins include the prestigious 2 Snow Hill project in Birmingham city centre – new home for law firm Wragge & Co, and the National Football Academy Training Centre, which opened this month and featured a £2.2m investment in drylining alone.
The business has been working in collaboration with the Birmingham office of accountants and business advisory firm Smith Cooper to formulate grant applications and secure bank funding.
This has enabled it to win high profile contracts such as Birmingham University’s Bramall Music Building, Yardley Green Hospital and Sandwell College. The contracts have contributed to a doubling of the firm’s annual turnover in just 12 months.
Having built a strong reputation within the construction industry, Taylor Hart now plans to generate further growth by working with Smith Cooper to secure larger projects, particularly in the housing market.
Will Hart, director at Taylor Hart, said: “The past 12 months have been an unprecedented success for the business as we had the opportunity to work on some high-profile developments across the Midlands. The funding that Smith Cooper helped us secure has enabled us to offer a wider range of services, such as fire protection and structural framework systems, that put us in a better position to tender for these larger projects.
“Whilst the housing market is currently fairly flat there are some signs of improvement and moving forward we plan to widen our target market by building relationships with housebuilders to continue to expand our business.”
He said the involvement with had been key to firm recognising its goals.
Jeremy Cope, lead partner at Smith Cooper’s Birmingham office, said: “Taylor Hart has gained a strong reputation with some of the top contractors in the UK, which is borne out in the level of work they’ve secured across the region. Access to funding however is vital for continued growth.
“The construction industry has taken a hit in recent years so it’s great to work with a business to help them buck this trend and drive value into the market. Taylor Hart is a big local employer and we are committed to providing strategic financial and tax advice to SMEs like them to help meet their potential.”