A growing construction group is on track to double its turnover by 2024 – and create 20 new jobs.
Caxton Builders Midlands - which has bases in Stoke-on-Trent and Derby - was launched in 2010 to create brickwork sub-contracting packages for blue chip construction companies across the 海角视频.
Over the last 10 years, the firm has grown into a group of companies which operate in a number of different sectors in the construction market.
Today Caxton Group has 42 employees and is on track to achieve a turnover of £15 million in 2021 – up from £13.5 million in 2020.
Now the company looks set for further growth after winning an additional £500,000 funding package from Lloyds Bank, and is targeting a turnover of £24 million by 2024.
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Caxton Group chairman John Webber said: "Thanks to the support from Lloyds Bank, we managed to have financial stability during what was a hugely challenging time.
"This meant we knew we could look after our staff and clients, while gearing up for what is turning out to be a very successful year.
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"We look forward to expanding more over the next few years and welcoming both new employees and clients to the business."
In March 2020, the majority of Caxton Group's clients had to temporarily pause operations due to the Covid-19 pandemic.
But the company was able to continue trading and keep all of its staff on full pay after securing a £950,000 Coronavirus Business Interruption Loan Scheme (CBILS) loan via Lloyds.
The bank also supported the company with a commercial finance facility which helped to support cashflow while it waited for invoices to be paid.
Phil Poyser, relationship manager at Lloyds Bank, said: "Companies from all sectors, especially those that had to halt trading during the height of lockdown, have had significant hurdles to overcome.
"To see firms like Caxton Group not only survive but also thrive while supporting new jobs is just fantastic.
"We'll continue to be by the side of business across the 海角视频 as they position themselves for a successful future and capitalise on growth opportunities for years to come."