Seward Secures New Manufacturing Fund

Following the rapid expansion in its business, Seward Limited, global developer and manufacturer of Stomacher® paddle blenders for over 40 years, required larger premises to support increased production capacity. With a UK base in Worthing, Sussex, and a US Subsidiary in New York, the Company has successfully met all the necessary criteria to secure financial facilities from a recently launched £1bn NatWest/RBS Manufacturing Fund exclusive to UK manufacturing businesses. With the planned move to new premises within Worthing and the expansion of existing production lines, Seward also anticipates increasing staffing levels in coming years.

Under the current ownership of John Patrick, Managing Director, Howard Mathews and Stuart Ray, Seward Limited has successfully grown since they took over the business 5 years ago, so they are now looking to the future to expand the business further. By working closely with the NatWest/RBS, the bank has developed a sufficiently sound knowledge of Seward's business to provide £450K finance facilities from the new NatWest/RBS Manufacturing Fund.

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Source : Seward Limited View Company Information

Posted on May 14, 2010