A engineering firm which specialises in telecoms has expanded its operations to Hertfordshire with support from a Lloyds Bank funding package.
Mia Direct, which develops and installs fibre broadband infrastructure, has used a six-figure loan to invest in a new 8,200 sq ft premises. The new site will contain more office space for its staff, as well as providing additional storage space for equipment and stock.
The company has increased its team from a dozen employees to more than fifty as a result of a surge in demand, with plans to take on more staff this year.
The investment will support Mia Direct’s plans to expand its footprint across the UK. It has recently secured a seven-figure contract for a new installation in Hertfordshire and is looking for more opportunities to take on new business beyond the West Midlands.
Managing director Kieran Majevadia said: “There is an ongoing need to bring the UK up to speed in terms of internet connection and we can play our part in this here in the Midlands and beyond as we continue to grow.
“This new site gives us greater capacity to meet growing demand and take on more ambitious projects across the country.
“The Lloyds Bank team has been nothing but supportive, giving us the guidance and expertise right from the beginning to the end of this project. They’ve also worked with us to develop a long-term business plan for sustainable growth, enabling us to look to the future with confidence. We’re excited to continue our partnership as we see these plans take form.”
Numan Rezaul, relationship manager at Lloyds Bank, added: “Mia Direct is a thriving business that has shown real ambition in recent months.
“High-quality internet connection is becoming more important, and demand is only going to increase in the months and years ahead. This new site has given them a more robust platform to elevate their business to the next level.
“We will continue to support Mia Direct and ambitious West Midlands businesses looking to increase their profile across the UK as part of our ongoing commitment to helping Britain prosper.”