Shropshire-based Cranage EMC Testing Ltd (“Cranage”), is to purchase new premises and expand following £540,000 in funding from Santander Corporate & Commercial.
Cranage was founded in 1992 by husband and wife team Keith and Pauline Richens, who form the current management team along with their son Mark. The firm has become one of the leading participants in its market by offering its clients accredited testing facilities for a wide range of products, from baby toys to highly sophisticated medical and laboratory equipment.
Following a period of strong growth, the business has now outgrown its current leased premises and will use the funding from Santander Corporate & Commercial to move into a bespoke, freehold property in Market Drayton, Shropshire. Keith and Pauline are also looking to expand further internationally.
Pauline Richens, Joint-Founder, Cranage EMC Testing Ltd, said: “We are working closely with UKTI and Shropshire Chamber of Commerce, as well as using Santander’s Trade Portal and other tools, to better understand trade opportunities and learn more about overseas markets. Following our appointment as an Authorized Testing Facility for products exported to Canada and North America, it became clear that our facilities needed to improve in order to develop our accreditation in line with the concept of worldwide product approval and so we felt it was time to purchase our own freehold premises. The funding and support from Santander has been invaluable and we are excited about this next phase of growth.”
Matthew Smith, Relationship Director, Santander Corporate & Commercial, said: “Cranage EMC Testing is an example of a family business which has been built completely from scratch by a dedicated, ambitious couple. A key future objective for the business is to remain as diverse as possible, ensuring regular income streams from a range of areas, and we are confident the new headquarters, once complete, will provide plenty of room for growth and give the business scope to expand.”
The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions.
Notes to editors
For Cranage EMC Testing Limited media enquiries, please contact
Pauline Richens – firstname.lastname@example.org/ 01630 658568
For Santander Corporate & Commercial media enquiries, please contact:
Bijal Tanna 020 7756 4189 Mobile: 07860 259 217
Andy Smith 020 7756 4212 Mobile: 07824 473 338
The Santander Corporate & Commercial press office operates from 8.00am to 6.00pm. Outside of these hours please call 0800 5877708.
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