Metallico Ltd is preparing for a new phase of expansion after securing funding from Allica Bank, with the East London steel fabricator using the deal to refinance existing lending and add capacity for larger and more technically demanding work.
The Leyton business was founded in 2001 by Adamos Televantos and is now led by his son, Kyriakos, who took over in 2019. What began with architectural metalwork such as gates, railings, and staircases has developed into a wider structural steel operation serving major projects across London, with the company now working from a 14,000 sq ft facility and employing more than 20 people.
That progression has already pushed the business into higher-profile packages. Metallico says it delivered structural steelwork for Bacchanalia restaurant in Mayfair, including support structures used to suspend Damien Hirst sculptures, and has also been involved at Northcliffe House, where redevelopment work has included new floor extensions and rooftop terraces. The company estimates that over the past decade it has supplied steel components used in the construction of more than 50,000 homes.
The latest funding is intended to help Metallico recruit across design, procurement, and client management while giving it more room to pursue complex and bespoke contracts. The company is also increasing its use of lower-carbon and reusable structural steel options, reflecting the way procurement expectations are shifting on construction projects where embodied carbon and material traceability are receiving more attention.
Kyriakos said: “Metallico has always been about more than just steel – it’s about people, relationships and trust. We’ve come a long way since my father first started out, growing into larger and more complex projects while keeping the same core values. Allica’s support gives us the freedom to expand our great team and take on ambitious projects, while keeping the personal touch that our clients value.”
For a London fabricator, that combination of working capital, operational scale, and family ownership provides a practical base for growth in a market where refurbishment, rooftop extension work, and architecturally sensitive structural packages are increasingly shaping demand.
