Led by chief executive and fourth generation family member Charlotte Tennant, the manufacturer of meat-based snacks has moved from its home in Willenhall to a larger facility in Dudley following a period of growth.
To support the move, T.C. Morris has recruited five new members of staff and have announced plans to offer apprenticeship opportunities in the future.
Commenting on the move, Tennant said: “With the support of managing director, Allan Jones, together we have worked hard to increase our customer base, expand our product range and we are now exploring export opportunities.
Team loyalty
“To meet demand, we relocated to bigger premises in Dudley. We are proud that all our existing employees stayed with us as part of the move – some of whom have been with us for more than 40 years.”
Rather than obtain funding from mainstream lenders, T.C. Morris was introduced to UKSE by Birmingham based Central Business Finance.
“The funding from UKSE has provided us with the working capital to continue to operate during the move,” Tennant added. “Mike and Steve have been a great support to us and genuinely want us to succeed.”
Stimulating the economy
UKSE provides loans and equity packages of up to £1m to generate growth, create local job opportunities and bolster the economy. To date, UKSE has invested more than £115m, supported 8,000 businesses and stimulated the creation of an estimated 83,000 new jobs.
UKSE regional executive Mike Lowe added: “At UKSE our aim is to support businesses to grow, innovate and create job opportunities. Charlotte and the team at T.C. Morris are a great Black Country success story and we were delighted to be able to support their growth plans.”
Premium spirits producer Gravity Drinks has secured a £4.5m finance package to support export growth and meet seasonal spikes in international demand.
Provided by HSBC, the package combines a receivables finance facility of £3m and a trade finance facility of £1.5m – the latter guaranteed by government export credit agency UK Export Finance.
