The owner of a catering equipment repair business in Norwich has praised his bank after requesting greater financial support to grow the business.
Norman Reece, owner and sole employee at Norman’s Services, attended a recent business breakfast arranged by the Federation of Small Businesses (FSB) where he said he needed finance to expand the business and hire more people after reaching his overdraft limit.
He also asked banking chiefs from Nat West to appoint a local bank manager to work alongside him and they obliged after visiting him at his premises following the meeting.
The bank has also increased his overdraft facility and although this will not allow him to bring more staff in, they have promised to review the situation if he supplies a business plan.
“If I had somebody else helping me, I would be able to go out and drum up more business,” Reece told the Eastern Daily Press. “That is the aim of the concept. The meeting was very successful. There has been so much activity from the meeting.”
The paper said Reece had grown the company’s turnover from £25,000 to £130,000 over the past six years. He repairs and maintains commercial kitchen equipment, refrigeration and air conditioning units.
He said the bank had listened to his pleas and provided support. “It is different when somebody actually visits your premises as opposed to talking around a table,” he said.