Panton McLeod highlighted the part which a move last year to Clydesdale Bank, and notably use of this institution's invoice finance offering, is playing in helping it manage its growth effectively.
The water sector specialist moved its banking from HBOS, part of Lloyds Banking Group.
Panton McLeod has won a £500,000 per annum contract with Welsh Water, to supply its cleaning and inspection services, and is setting up an operational base in Monmouth.
This contract is for an initial three years, with an option to extend it for a further two years.
Panton McLeod, which was established in 1994 and specialises in the cleaning, inspection and repair of drinking water structures, has moved its headquarters from 4000 sq ft premises in Newton St Boswells to a 10,000 sq ft office in the Tweedbank industrial estate in Galashiels.
Panton McLeod, which counts state-owned Scottish Water and privatised utility Severn Trent as major customers, has increased its staff numbers from 23 to 35 over the past 12 months as it has enjoyed growth.
Panton McLeod is majority-owned by retired company founder Jim R Panton.
Chief operating officer Iain Weir, finance director Shelagh Briggs, and sales and marketing director Paul Henderson also have stakes in the company.
Mr Weir, who runs the business in partnership with chief executive and son of the founder Jim W Panton, said: "Moving to this new, larger office premises is a significant milestone for Panton McLeod. We have grown the business steadily over the past eight years."
He added: "Moving our banking to Clydesdale Bank has given us the confidence to grow our business pro-actively.
"In particular, switching to the invoice finance method has enabled us to manage our growth effectively, and we are very appreciative of the bank's support and assistance."
Panton McLeod also has an operational base at Nottingham, and an office at South Shields in Tyne and Wear.
Panton McLeod, given its small company status, files abbreviated accounts with Companies House and consequently does not publish turnover or pre-tax profit figures. The latest available accounts show that it had a retained profit of £34,600 last year.
