The Stockport-based company is set for expansion after securing a seven figure funding package

M.T.Kaill (Plant Hire) Ltd, based in Stockport, rents and sells an extensive range of equipment including excavators, dumpers and rollers to the construction and transport industries.

Established in 1974 by Tudor Thomas, the business is currently run by his son, Steve, and employs 80 people. Well recognised in the industry, the firm has steadily expanded and currently also holds contracts with contractors for major service providers in the North West, including Greater Manchester Waste (GMWDA), United Utilities and NPT Metrolink.

To enable the business to capitalise on new contracts, including supplying equipment to assist with up and coming contracts, the company needed a cash flow boost.

The firm approached its banking partner, Lloyds TSB, which provided a six figure business loan.

Now M.T.Kaill can service its major contracts including the GMWDA contract, which is currently upgrading up to 30 household waste treatment sites throughout the region and the United Utilities contract which is continuing to upgrade all waste and clean water treatment plants throughout the North West.

The business is also working on the Big Bang expansion which will see 62 new trams running across Manchester, joining Manchester Airport, Rochdale and Oldham to the city centre and is set to fully complete in 2016

M.T.Kaill is on track to boost turnover by 15 per cent by the end of this year.

Steve Thomas, managing director of Plant Hire Ltd, said: “We were recently given the opportunity to provide equipment for these ventures, but to ensure we had adequate capital to service the contracts, we approached Lloyds TSB.

“Our funding partner was integral in ensuring we could assist with these developments throughout the North West.

“Since the business was established by my father 36 years ago, we have worked hard to build up a strong reputation in the region for hiring out a modern fleet of quality construction equipment with quality operators and we are currently one of the market leaders in this industry.”

Paul Roylance, regional manager at Lloyds TSB, said: “The construction industry accounts for about 10 per cent of the UK’s Gross Domestic Product and since the economy has started to recover, there are signs that work has restarted on building projects that were previously on the backburner.
 
“As a result of the funding package devised by Lloyds TSB, Steve and his team are now in an excellent position to capitalise on any improving economy and the increased need for heavy duty equipment in the construction industry.

Phil Simpson, relationship manager at Lloyds TSB, said: “Working with Steve and the management team, we were able to identify their specific funding requirements and put in place an appropriate package to meet their requirements to maximise the business’ earning potential.”

October 2010