Filpumps Ltd, a leading provider of pumps and water treatment services, has announced the expansion of its operations into the central belt thanks to a £550,000 loan from Royal Bank of Scotland.
The funding has been used to purchase a new premises at Bridgend Industrial Estate, Kinross, marking a significant milestone in the company's strategic expansion.
This move is expected to create three new jobs initially, with around three further opportunities anticipated in 2025 as operations ramp up.
With over three decades of experience, Filpumps has built a strong reputation in the industry, providing sales and service support to private water supply owners, including drilling new boreholes and enhancing existing water supplies.
The company also offers a comprehensive range of products including pumps, filters, tanks, waste water treatment solutions, fittings and parts.
Founded 32 years ago, Filpumps has predominantly served customers in Aberdeenshire, with 80% of its business concentrated in the region. The expansion into Kinross aims to develop the company’s geographical reach, bringing its services to customers across Scotland.
Russell Mann, director at Filpumps Ltd, said: “We are thrilled to take this next step in our business journey. The new premises in Kinross will not only allow us to better serve our existing customers but also reach new ones across Scotland, especially across the central belt.
“The support from Royal Bank of Scotland has been key in making this expansion possible, and we are excited about the opportunities it will bring.”
Martin Ramsay, relationship director at Royal Bank of Scotland, commented: “We are proud to support Filpumps Ltd in its expansion efforts. The company has a long-standing reputation for excellence, and this move into Kinross demonstrates its commitment to growth and innovation.
“Royal Bank of Scotland is one of the largest lenders to the sector in the North East and we always seek to support businesses with a drive for growth and it is apparent that the team at Filpumps are on the continued path for success. We look forward to seeing the positive impact this expansion will have on both the business and more communities across Scotland.”
Filpumps was established in 1992 to meet the market demand for a new type of pioneering pump for private water supplies. In 2011 a friendly management buy out (MBO) took place, led by General Manager, Ian Grierson, the three-man MBO enabled the founders of the business to retire.
Royal Bank of Scotland is the biggest SME lender in Scotland. Filpumps has banked with Royal Bank of Scotland since the MBO.