Allied Irish Bank in funding for Aldridge building firm Rossway Dowd
The North Birmingham branch of Allied Irish Bank (GB) has set up a funding package of £2 million for Aldridge-based construction company Rossway Dowd.
The funds were used to construct two new 10,000 sq ft commercial facilities, one of which is the location of Rossway Dowd’s new headquarters, while the other facility has now been let to a customer.
Rossway Dowd was originally founded in 1960 when Joe Dowd emigrated from Ireland, undertaking the work of supplying and installing roofing and cladding systems on industrial and commercial buildings. The name Rossway was derived from two Irish counties, Roscommon and Galway. Nowadays, the company is involved in many projects, both privately and publicly funded, including enhancing and upgrading schools, colleges and hospitals.
Brendan Dowd, the operations director of Rossway Dowd, said: “Dermott Kelly and the team at Allied Irish Bank (GB) have been a pleasure to work with. They were fully up to speed on our business and the sector right from day one, which has meant that they’ve been an excellent sounding board for all our future plans.
“When my father set up the business over 50 years ago, there were no requirements to undertake design functions. However, the challenge that we are now facing is that in order to grow and expand our business, we need to provide our customers with more environmentally friendly and energy performing design solutions. Our new headquarters come fully equipped with design facilities, in addition there is 7,500sq ft production space dedicated to producing bespoke products for the cladding systems that we install, meaning we are well placed to offer a competitive solution in this very challenging market.
“We have had to move with market demands and the market demands complete external envelope solutions, we are involved in significant size projects, often well in excess of £1 million in value. We recognise that to meet these demands we need the right people around us – personal relationships are key to satisfying customer needs.”