Rosebud Finance enhances the growth of a roofing manufacturer.
With the assistance of Rosebud Finance, a roofing company based in Preston has broadened its operational scope and manufacturing capacities. Initially securing a £250,000 loan in 2013 from Lancashire County Council's business loans provider, Centaur has experienced substantial growth.
The company, specialising in the production of roofing systems that are non-flammable, environmentally non-toxic, and boast ultra-low odour, has expanded its workforce from a modest team of three to a thriving group of 26.
Phil Richardson, co-founder and managing director at Centaur, said: "Our aim has always been to be the safest roofing waterproofing system of choice for architects, surveyors and contractors alike. With the innovations in technology that we have developed and launched we are within touching distance of achieving our long-term goal.
"The funding we received from Rosebud early on, and the team's ongoing, unwavering support has been pivotal to helping us on this journey. We look forward to continuing to work with the team in years to come."
Jonathan Nelson, fund manager for Rosebud Finance at GC Business Finance, added: "This is a real Lancashire success story, and testament to what businesses can achieve with support early on in their journey. Having secured initial funding during the R&D phase, it has been great to see Centaur grow over the years, and how Rosebud can enable ambitious entrepreneurs across Lancashire to unlock this growth."
Councillor Aidy Riggot, cabinet member for economic development and growth at Lancashire County Council, said: "Lancashire has a truly thriving manufacturing sector, and Rosebud is primed to provide the support that new businesses in the sector need to thrive. It's brilliant to see a business like Centaur, that is world-class in its technological innovation, choosing to remain in the region, and benefitting from the support of a local lender like Rosebud."
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