A Wiltshire based carpet manufacturer is increasing its production capacity.
Read time: 2 mins Added: 05/09/2023
Wilton Carpets plans for growth
Wilton Carpets specialises in manufacturing commercial carpets for hospitality and leisure venues.
With plans to grow over the coming years, the business approached Lloyds Bank, securing a £1.3M support package which included asset finance, trade capital, import finance and Clean Growth Financing Initiative (CGFI) funding which was used to invest in a new high-speed loom. This will help to increase its manufacturing capabilities while improving energy efficiency and reducing costs.
The new machine will replace four narrow looms, reducing the amount of power consumed by 15%. The technology also weaves two and a half times faster than its previous model, allowing the business to increase its manufacturing capacity by more than 500,000 square meters per year.
Founded in 1741, Wilton Carpets employs 90 people and is the only manufacturer in the UK that has two high-speed looms.
Alan Whittle, UK sales and Marketing Director for Wilton Carpet, said: “Wilton Carpets’ traditional looms have been extremely well-maintained by our engineering team and these robust machines have served us well over the decades. However, seven years ago the business recognised that investment in modern high-speed technology would yield us massive productivity benefits and so we installed the first of our state-of-the-art looms.
We’ve now installed the second loom and the results are transformational. We can now produce carpet more quickly and with more accuracy, while producing less waste. Our factory is transforming the very traditional craft of carpet weaving into an increasingly high-tech and importantly, sustainable activity.”
Jayne Williams, Relationship Director at Lloyds Bank, said: “Manufacturers are working tirelessly to rebuild their supply chains in response to a more prosperous and confident economic outlook. So, it's really encouraging to see a firm like Wilton Carpets looking to take advantage of key sector demand and secure future growth opportunities.
Our relationship with Wilton Carpets has spanned almost 20 years. We’ve provided various types of support over this time, allowing it to invest in its own growth. We’ll continue to be by the side of firms like Wilton Carpets and provide the opportunities for our region to continue growing.”
All lending is subject to status.
We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk and apply to businesses which have an annual turnover of no more than £25 million.