Ayrshire Agencies Receive £50,000 Loan
24 Oct 2018
Ayrshire Agencies Ltd, a Kilmarnock based family business, receives £50,000 from government initiative to support businesses in Scotland
Business Loans Scotland has granted Kilmarnock-based Ayrshire Agencies Ltd, a £50,000 loan. The loan will support the growth of the company, which manufactures conservatories and aluminium glazing products, as David Wilson takes over the business founded by his parents over 20 year ago.
Ayrshire Agencies was established in 1994 by husband and wife team, Cecil & Valerie Wilson, who grew the business as a highly respected manufacturer of double glazing products serving markets in the UK & Ireland. The company employs 18 people at its Kilmarnock premises at Southhook Road, where it manufactures and supplies a range of windows, doors and roof systems direct to trade, commercial and domestic customers as well as operating a PVC trade counter, selling PVC building products including fascia and soffit, guttering, decorative wall panelling and wet wall, composite decking and flooring, amongst other products.
Following a tough trading period, Ayrshire Agencies worked closely with John Strachan, their Business Gateway Growth Advisor, who helped them access East Ayrshire Council’s beReady programme which helped identify the need for an injection of capital to support the business to refocus on key markets and implement its growth plans. This led to an introduction to Business Loans Scotland and with advice and support on their loan application through beReady, Ayrshire Agencies’ subsequent application to Business Loans Scotland for £50,000 was successful.
Speaking about the difference the loan will make to Ayrshire Agencies Ltd, David said: “Ultimately, without the funding from Business Loans Scotland we wouldn’t have been able to fully implement our growth strategy. As I take over from my parents, I am confident that we are in the best position to move forward and grow the company further.”
Andrew Dickson, Fund Manager from Business Loans Scotland, added: “It is well documented that access to capital remains a major hurdle to many small and medium sized businesses which are looking to start up and grow. Often, our funding can make the difference between a business struggling or flourishing and that in turn will have a positive impact on employment, profitability and making communities stronger. I am delighted the fund has been able to support Ayrshire Agencies Ltd with vital working capital to get started.”
Sharon Hodgson, East Ayrshire Council’s Economic Development Manager and Board Member of Business Loans Scotland, said: “This is more great news for East Ayrshire and another example of the spirit of entrepreneurship and business leadership we are seeing drive the local economy forward. I am delighted for David and the team.”