TML Housewares Ltd is a family owned business, and has been a long established customer of Lloyds Bank.
TML manufactures plastic storage boxes and housewares which are used as everyday items throughout the country, such as storage boxes, bowls, mop buckets and other associated kitchenware products. Being a successful manufacturer, TML sells into many of the UK’s independents and to PLC’s such as Poundland and Home & Bargains.
The next step for TML is to continue expansion of its products and have an ongoing investment programme in plant and machinery. To allow for such expansion, TML took the opportunity to purchase additional commercial premises with the support of Lloyds Bank. This step has also created further employment opportunities within TML.
The Directors of TML, Jagtar Narle and Jaspal Johal said “The new premises will enable increased capacity within the business, facilitating an increase in turnover of 10-15%.”
Natasha Bhardwaj (Commercial Property Lawyer at Hawkins Hatton) said “Finding a new home for TML would have been difficult, so creating an extension to their existing premises by purchasing neighbouring properties was the perfect solution for TML, much like the products that they sell”.
Mark Meakin, Relationship Manager at Lloyds Bank, Manufacturing said: “We’ve been helping businesses to grow and expand for over 250 years and when it is for a client who I have worked with for over 15 years, it makes the process even more rewarding”. “We are committed to supporting small to medium-sized manufacturers like TML and creating long-lasting relationships”.