Tony Tapperell invests six-figure sum in fleet upgrade.
Wirral-based demolition specialist Technical Demolition Services (TDS) is to invest in new large machinery after securing a six-figure funding deal with bankers.
The Birkenhead-based business is involved in a range of demolition and dismantling projects throughout the UK including the current demolition of Whtttingham Hospital near Preston which was once Europe’s largest mental institution.
It was founded in 1983 and has carried out projects for many major blue-chip public and private sector organisations in petroleum, power, chemical and regeneration in the UK and worldwide including Cyprus, Trinidad, Greece and Spain.
Now, after securing the credit line with NatWest and the bank’s asset finance manager, Lombard, TDS is able to purchase five or six new machines and fund its longer-term plans.
The firm, which employs 120 people, has secured more than £12m of contracts during the first half of 2014 and is hoping to reach a similar figure for the second half of the year. It is also looking at an assortment of projects for the upcoming year.
Managing director Tony Taperell said: “The machines will be used up and down the country including the current project we are undertaking in Preston. It’s a busy time for us and the machines will definitely help us meet our current and future demands.”
Technical Demolition Services currently employs 120 people across the UK.
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