*PRESS RELEASE* HM Business Growth fuels TKB Group expansion
HM Business Growth has helped a fast growing North Wales company to move ahead with its ambitious expansion plans.
The TKB Group, set up by husband and wife Stephen and Emma Trollope three years ago, produces temporary kitchens and bathrooms.
The pods are ideal for people whose homes have been hit by water, fire or flood damage as well as for those undertaking house renovations and extensions.
HM Business Growth, the business consultancy arm of law firm Hillyer McKeown, has been working with the TKB Group, providing Stephen and Emma with strategic business planning. It also introduced the couple to the Development Bank of Wales (formerly Finance Wales) to negotiate additional funding to support the company’s growth plans.
New products aimed at housing associations and student accommodation providers are now being launched thanks to the funding support. The business has also relocated to larger premises in Deeside from Hawarden to manage increasing demand.
Stephen Trollope said: “We are extremely grateful for the support we have had from HM Business Growth and the Development Bank of Wales.
“We have significant growth plans for our business and the funding support we now have in place will help us to continue our rapid expansion.”
TKB Group is on course for a turnover of £2million this year and is aiming to achieve revenues of more than £7million within five years.
Ray Howard, Managing Director of HM Business Growth who has been advising TKB Group, said: “We have worked closely with Stephen and Emma to map out their business strategy. Once this had been done, we introduced them to the Development Bank of Wales confident that TKB Group was a business it would want to back.”
Chris Hayward, Investment Executive at the Development Bank of Wales, said: “TKB is an exciting business with a solid track record and a robust plan for future sustained growth. We are pleased to support the business’s expansion plans with a loan from the Wales Business Fund.”
HM Business Growth was launched by Hillyer McKeown at the end of last year and is already working with more than a dozen companies across a range of sectors including manufacturing, retail, financial services, construction and recruitment.
Many of the company’s clients initially enter the HM War Room, an intensive three-hour session that examines a business’s plans for growth.
Ray added: “We are advising on a wide range of issues including business planning, developing strong management teams, marketing strategies and implement employee engagement initiatives.”
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