Leicester Tissue Company Secures £6 million Funding Package from HSBC

Leicester Tissue Company (LTC), a toilet and kitchen roll manufacturer, is set to increase its manufacturing capabilities by up to 100 percent after securing a £6 million funding package from HSBC UK.

The business, which is currently operating at full capacity, is in the process of installing two new production lines that will complete later this year at its new 105,000-ft² plant in Thurmaston, Leicester. The multi-million pound investment will create an extra 50 full-time jobs.

LTC currently produces 20,000 metric tpy of tissue per year and supplies to high-profile retailers, including Poundland, Aldi and Wilkinsons. Once the new lines have been implemented, LTC will generate an extra 20,000 metric tpy, enabling the business to fulfill new interest from several supermarket brands.

Ayaz Tejani, managing director of LTC, said: “As a manufacturer for some of the UK’s leading retail brands, it’s important that we regularly invest in new machinery to meet high consumer demands. We have a long-term vision for growth and these plans are currently underway with the installation of the new production lines. We’re incredibly grateful to our HSBC UK relationship director, Richard Parker, who understood our business and funding requirements. We look forward to working closely with him again as the business grows.”

Established in 2013, LTC has experienced rapid growth. After six years trading, the business has increased its turnover to £20 million and employs 70 people. It prides itself on producing quality paper and with future capacity set to increase, LTC has the foundations to grow the business further. In the next 12 months, LTC hopes its new investment will increase annual turnover by 90 percent to £38 million.

Back to Tissue360 Newsletter