Nuts and Bolts, a supplier of fixings and power tools for the construction and engineering industry, is to move to new premises with financial support from Barclays.
The six-figure finance package has enabled the firm to buy a 12,000 sq ft site on Weston-super-Mare’s Sunnyside Industrial Estate, giving it office and warehouse space to meet its growth requirements. 
Founded in 1990, the family-owned firm employs 15 people. It has operated from three rented premises on the Longton Industrial Estate for a number of years.
Originally supplying fasteners along with hand and power tools to the trade, the business has recently expanded with an online presence offering professional tools online, in particular, Festool, a leading German brand recognised by the trade as one of the best power tools on the market.
Its three UK-wide websites have triggered an exponential increase in online sales, helping Nuts and Bolts achieve double-digit growth over recent years and an anticipated turnover of £7.5m this year.
Director Charlie Hart said: “Nuts and Bolts is very excited about the move and welcomes the support provided by Barclays in making this possible.
“It not only suits the business today, it will also accommodate our future growth strategy, as we look to increase our stock to satisfy our growing number of online customers countrywide.”
Barclays Business manager Richard Crew said: “It’s important to us to help Weston-super-Mare businesses, such as this financing of new premises, and in doing so support SMEs in their business goals.
“We continue to have an appetite to lend to businesses looking to expand and employ more people, which has to be good news for them and the local economy.”
