Preston builders and plumbers merchant OBAS UK has agreed a refinancing package in partnership with Lloyds Bank Commercial Banking, resulting in six additional jobs with five further roles anticipated for the New Year.
The six new roles include three apprenticeships and three additional sales people, with the company anticipating five further jobs to be created in customer service, credit control and admin in the New Year.
Additionally, OBAS is to utilise the refinancing package to maximise marketing opportunities, including the promotion of the company’s own branded product ranges, whilst injecting additional working capital into the business.
OBAS CEO Norman Tenray said: “Working in partnership with Lloyds Bank gives us a great outlook for growth in the future, allowing us to scale up the business to meet the demands of our customers and provide much needed local employment.
“The construction industry was probably the worst hit industry during the recent recession and where many other businesses have failed, we’ve maintained our position by focussing on continuity and sustainability, however growth has eluded us.
“Growth will come from re-establishing our unique and vibrant brand, and by opening up our new routes to market including key accounts, trade counter and ecommerce, and it’s essential we have the capacity in place internally to deal with the additional demand these new routes to market create.
“Marketing the business will be carried out through our in-house marketing team whose specialisms include design, search marketing, email marketing and social media marketing, enabling us to extol our unique values, culture and philosophy to our existing customer base, and prospective customers alike.”