A Yorkshire-based patio folding door manufacturer has its sights set on £5 million turnover for this financial year.
Panoramic Doors was established three years ago in Sheffield and moved into a 20,000 sq ft facility, backed by a £50,000 business loan from Finance Yorkshire, on the edge of the city in early 2016.
Finance director Sharon Rees said: “The loan from Finance Yorkshire came at a crucial point for Panoramic.
“Industrial unit stock of the size and location required was in short supply at the time and without the funds the opportunity would certainly have been missed.
“The move to larger premises enabled us to scale up and build the business and take on more employees.”
The company has seen its sales figures reach £3 million last year and Panoramic’s folding door system uses its patented Magnaline hardware which eliminates the need for hinges, bolts and locks.
Sharon added: “The core processes for manufacturing including our own powder coating plant are all housed in the new Sheffield premises – self-sufficiency is key to the success of Panoramic Doors.”
As well as targeting more trade customers in 2018, Panoramic Doors is developing new products including a new window system and fly screen for its doors.