Footwear manufacturer ‘makes strides’ in global expansion with six-figure funding
Summary
An Essex based safety footwear manufacturer is forecasting a 40 per cent increase in turnover this year as it launches 25 new designs and gears up for global expansion.Tuffking, headquartered in Loughton, has a long history of providing hard-wearing protective boots since it was originally founded as Giffard Newton & Sons in 1854. Its now growing its global presence following increased demand for its products across the world, and aims to hit \xa350m in turnover by 2030.Currently operating in 15 countries, the firm is using an \xa3850k funding package from Lloyds Bank, including trade finance, to service emerging markets. Now, after significant investment and innovation, and acting on client feedback, the business has unlocked new opportunities to modernise, diversify and grow.Tuffking leveraged its 170 years of technical knowledge to update the designs of its entire catalogue. These boots are far lighter and more sustainable than previous models, making them essential for the modern workforce.Tuffking now has a range of over 100 different products, and while they have been redesigned to be lighter, more comfortable and more sustainable, they still retain the quality and safety Tuffking is known for.Ryan Dhindsa, Managing Director at Tuffking, commented: Our business has a long history within the UK and weve built a reputation for providing a high-quality product that our customers trust. So, we wanted to adapt quickly with them.Our investment in innovation, supported by Stuart and the team at Lloyds Bank, gives us a platform for growth and ensures an edge over our competitors.We have technical knowledge and experience in spades, and for me, its all about using that to our advantage.