A Halesowen supplier of natural stone flooring products has secured funding to move into a new premises.
Digby Stone built its new headquarters on a four-acre site on Hayseech Road which it purchased with the support of a £375,000 financial package from Lloyds Bank Commercial Banking.
Designed for enhanced environmental efficiency, the new building comprises office and meeting space and has enabled the firm to stock more of its stone flooring range on site.
The business formerly operated across three premises but wanted to centralise its activity in order to make day-to-day running operations more efficient.
Following its relocation, the firm added two new recruits to its 11-strong team, and now plans to purchase a second site during 2016.
Formed in 2008, Digby Stone imports its products from India and China, and is a supplier in the wholesale of natural stone products for use in outdoor landscaping across the UK.
The firm has grown year-on-year, now having an annual turnover of £5 million.
Claire Digby, director at Digby Stone, said: “Our move into new premises means we can centralise our operations between Felixstowe Port and our clients in the north of the country, as well as providing us with more space to hold our goods.
“We’re doubly pleased our new building has been designed with a host of environmental features, helping us to achieve our sustainability targets, whilst significantly cutting our energy costs.
“The support and expertise of Lloyds Bank has been invaluable, and we look forward to working closely with the bank as we outline our plans for further growth in our new headquarters.”
David Chance, relationship director at Lloyds Bank Commercial Banking, said: “We’re pleased to have worked with Digby Stone to enable its relocation into new premises, and its increase in capacity to hold greater quantities of its goods in one place will provide a boost to the business’ operations.”