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Portsmouth: NatWest funds construction programme

By Dan Teuton
3 September 2009

Brymor Contractors, the long-established construction contractor operating across the South of England has, for many years, used NatWest in Portsmouth for funding and working capital.

In 2008, Brymor moved to prestigious new offices in Denmead, funded by NatWest and in 2009 NatWest was pleased to continue funding the Company’s working capital package.

Founded in 1987 by the current chairman, Stephen Morton, the company prides itself on being one of the few large independent construction companies in the South that remains privately owned. Brymor has grown from strength to strength, and now employs over 140 staff with an annual turnover of nearly £40 million.

By careful forward planning and closely following government initiatives, Brymor has secured long-term projects working in partnership with many prominent clients in various sectors of the industry including healthcare, the MOD and Social Housing.

Brymor is proud to have worked in partnership with Portsmouth Housing Association (PHA) for numerous years on many projects including the design and construction of Sharland Place, Fareham which won Best Housing Scheme of the Year at the Housing Excellence Awards. More recently, Brymor is carrying out a social housing project for PHA at 247 Fratton Road, Portsmouth. After the successful completion of phase one, Brymor is embarking on phase two of this development - accommodating local families - which is due to complete in April 2010.

NatWest’s continued support of the company has played a vital role. The on-going relationship between Brymor and its bank has been crucial in allowing Brymor to plan and progress the PHA contract and other large projects in the pipeline.

Ian Cooke, recently appointed head of property finance at the bank’s Portsmouth offices, worked closely with the Brymor team to gain an in-depth understanding of the direction of the business and structure the funding accordingly. As a result of the Bank’s specialist knowledge in property, NatWest has structured a working capital package.

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