Northolt-based Todd Doors serves a number of housebuilders – including Berkeley Group, Millgate Homes and Shanley Homes – and employs 90 staff in showrooms across southern England.

With a recorded turnover of £14.5m in the year to December 2016, the company sought funding for an expected 9.4% growth over the next 12 months.

Secure Trust Bank provided a facility secured against the stock held by the business – alongside a traditional invoice finance facility – in less than five weeks.

Matthew Todd, managing director at Todd Doors, said: “The business is continuing to grow at a rapid pace and we needed a facility in place that would allow us to hold more stock.

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“We weren’t able to access funding from our traditional lender and were delighted that Secure Trust Bank could step in to support our ambitious growth plans.

“Over the next few years we plan to open more showrooms across the country, which will help to cement our position as one of the UK’s leading suppliers of quality doors.”

Tony Young, regional sales director at Secure Trust Bank Commercial Finance, added: “We have worked closely with Matthew and the rest of the management team to provide a tailored package that will help drive the business forward.

“The new facility means that the company can lend money against existing assets, which will ultimately enable the business to fulfil more orders.

“We look forward to our ongoing relationship as the business continues to grow.”