Solo Building Supplies
South West Investment Group
Region: South West
Programme: Enterprise Finance Guarantee
Solo Building Supplies is a local builders’ merchant and building supplies company based in Longrock, Cornwall.
Launched in August 2008 by Andy Dommett, the business has been steadily, growing the company turnover from £1 million in 2009 to £4.5 million in 2014 and now employing 31 staff.
Solo Building Supplies sought investment for business growth in order to expand into a second unit in Hayle, with improved access to the A30 and negotiate a new space at the Longrock site.
With ambitious plans for growth, Solo Building Supplies approached Lloyds Bank and SWIG Finance for a combined funding package of £280,000 in August 2014 with company secretary and mentor, Graham Ashton supporting the business through the application process.
Solo Building Supplies Managing Director, Andy Dommett said:
“The investment has enabled us to grow our team to 31 employees as well as expand our operation. The help we had from SWIG Finance and Lloyds Bank was invaluable and we’re really pleased with the growth of the business so far and we hope to continue to move the business forward in the future.”