Russell Roof Tiles secures HSBC backing to accelerate further innovation

Celebrating its 60th anniversary this year, Russell Roof Tiles is based on an 11-acre manufacturing site in Lochmaben, where it employs a team of 50 plus manufacturing sites in Burton on Trent.

Russell Roof Tiles is a major producer of concrete roof tiles and accessories, supplying leading housebuilders, developers, and social housing providers nationwide. The new refinancing deal provides increased financial flexibility to scale up production, enhance efficiency, and drive forward ongoing investment in new technologies and product innovation.

A key focus of this investment is the accelerated rollout of a new product that Russell Roof Tiles said exemplifies its commitment to advancing manufacturing through design excellence and operational innovation.

Andrew Hayward, managing director at Russell Roof Tiles, said: “This new funding gives us the momentum to fast-track the rollout of Bute3®, our most advanced product to date. By merging traditional aesthetics with modern efficiency, we’re setting a new benchmark for the roofing industry.

“The support from HSBC UK enables us to expand capacity, deliver even greater value to our customers, and continue investing in the future of sustainable, high-quality British manufacturing.”

The company now produces over 60 million tiles annually and forecasts a 30% increase in turnover over the next 12 months, driven by continued investment, efficiency improvements, and strong demand from the housing and construction sectors.

Dave Ramsden at HSBC UK added: “This funding will help accelerate the rollout of innovative products and strengthen the company’s position in a competitive market. Working with Russell Roof Tiles underscores HSBC UK’s commitment to offering bespoke funding solutions that help businesses grow and innovate. We’re looking forward to seeing the business continue to thrive.”