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Bank helps Mansfield firm aim for growth

Posted onPosted on 9th Mar

A Mansfield performance doorset manufacturer is set to increase its efficiency and production capabilities, while creating 25 jobs, thanks to a finance package from Lloyds Bank.

Integrated Doorset Solutions, part of the IDSL Group, manufacturers performance timber doorsets for customers in the education, healthcare, commercial, residential and accommodation sectors, working with clients such as Unite Students, Balfour Beatty and MACE. The business is active in the domestic market, as well as serving customers in Ireland and oversees.

To support its growth ambitions and increased demand for its products, the business approached Lloyds Bank and secured a £150,000 hire purchase funding package that is being used to purchase new automatic sanding machines.

The new sanders will further enhance the quality of products produced by Integrated Doorset Solutions, creating a more superior finish. It will also provide operational efficiencies, saving two people per shift, who can be deployed elsewhere to increase production capabilities. The automated machine also improves safety for colleagues, including entirely removing the risk of injury caused by long term exposure to vibration produced by traditional machinery.

The investment in new sanding equipment is part of a larger £4m investment made in the business over the past three years. Other improvements include a new racking system, which enables the manufacturer to safely store more timber to protect against supply chain disruption, an automated spray finishing line to apply coatings, and a high-tech edge banding centre to more efficiently lip and edge its performance door products.

With the new technology in place, the business will be able to grow and work on more projects than ever before, allowing Integrated Doorset Solutions to employ a further 25 staff over the next 12 months.

The investment will also support the manufacturer’s growth plans, with ambitions to increase revenues from £37m gross across the group this year, to over £50m.

Founded in 2015, the business has grown four-fold, with four businesses now trading within the group – Integrated Doorset Solutions, Performance Joinery Ltd, Fire Door Inspection Solutions Ltd, and Fire Door Inspection Solutions (Southern) Ltd.

Nigel Richmond, chairman at Integrated Doorset Solutions, said: “When most people were forced to down tools during the peak of the Coronavirus pandemic, we were busier than ever, working overtime to manufacture antibacterial doors for the Nightingale and Aspire hospitals across the country. More recently, as people return to cities and offices, we’ve seen a surge in demand from office and apartment builders, and there’s no sign of this slowing down anytime soon.

“The support from Lloyds Bank has been invaluable in helping us to expand. We’ve been able to introduce new technology that will not only support our growth and increase our efficiency, but ensure we have the best equipment for our employees. We’re excited about the year ahead and look forward to welcoming a number of new colleagues to our team over the next year.”

Mark Smith, relationship director at Lloyds Bank said: “Integrated Doorset Solutions has been a customer of ours for more than six years and during that time we’ve supported them to achieve significant and impressive growth.

“Nigel and the team provide some of the highest quality specialist doors across the UK and are always looking for new ways to innovate and grow their offering. We’ll continue to be by the side of businesses like this across the region to help them capitalise on future growth opportunities.”