Black Country fabric firm Jerseytex has secured financial support from Barclays which the company will use to purchase new premises and update their systems.
The finance package will facilitate the purchase of a 90,000 sq ft warehouse in Tipton and a digital inventory system. These will increase the capacity of the business and ensure orders can be fulfilled more quickly and accurately.
Jerseytex have been manufacturing textiles in the Midlands since 1977, and dyeing since 2002. It’s still very much a family firm, run by Bal and Pritpal Singh, sons of the founder Teja Singh. Sales at Jerseytex have tripled over the last five years and they put their success down to a combination of high quality textiles, competitive prices and putting their customers first. This year, turnover is expected to exceed £17 million.
The new injection of capital from the bank will help the business build an even stronger platform for future growth. Think Sandwell wishes Jerseytex all the best for their new endeavours. To find out what help we could offer your business, go to our Business Services pages.