A stairlift manufacturer has opened the doors to its new state-of-the-art production facility, following a seven-figure investment.
Platinum Stairlifts, based in Keighley, has been manufacturing home mobility solutions in the North of England for more than 25 years. After more than a decade of working out of many separate manufacturing facilities, the business has now consolidated production into one, 60,000 sq ft site – in an investment worth more than £6million.
The move was supported by a seven-figure asset finance solution, provided by Lloyds Bank.
Originally signing the lease in 2020, the two-year fit out of the facility is now complete, which included the installation of new plant equipment and machinery, such as cutting-edge tube bending, steel handling and laser cutting tools.
The site has been designed to enable optimal material flow, helping to drive efficiency and eliminate waste in the manufacturing process. It is a centre of manufacturing excellence, and has created the foundation for additional investment in product development and manufacturing technologies.
The move is set to create 30 additional manufacturing roles over the next 12 months, with Platinum Stairlifts also anticipating year-on-year turnover growth of more than 20% for the next three years.
Marcus Green, chief financial officer at Platinum Stairlifts, said: “Our purpose is to give people the freedom to live independently at home. It’s an easy thing to underestimate, but a stairlift can give people the opportunity to come home from hospital or hospice care, or to access parts of their home that they may have been cut off from for a long time. That’s why continuous investment in our manufacturing capabilities and product features is critical.
“It has been a long journey, so we are excited to welcome our staff to our new facility, and for the growth this will unlock moving forward.”
Mark Butterworth, relationship director at Lloyds Bank Commercial Banking, said: “Platinum Stairlifts has become a go-to provider within its core market in recent years. And the opening of its new facility will unlock new capabilities and possibilities for its customers, helping the team to meet growing demand in the market, as well as create local jobs and investment.
“We’re excited to see what’s next for Platinum and look forward to watching them go from strength to strength.”
