New home for firm to further its expansion
ASPECIALIST distributor supplying high quality process measurement products to the chemical manufacturing, food packaging and facilities management sectors, has expanded with the acquisition of new premises.
Electroserv+ has purchased and relocated to larger new premises in Macclesfield following a period of growth and funding support from Royal Bank of Scotland.
Located on Lyme Green Business Park, the new 3,000 sq ft site is providing the company with additional space needed to accommodate its expansion.
Renovation works have been ongoing over the last few months and are now complete.
The premises offer Electroserv+ a host of facilities including a brand new workshop and calibration laboratory, ample warehousing space and brand new office facilities.
Acquired by present owners Field & Black in 2013, Electroserv+ specialises in the distribution of industrial process measurement and control equipment as well as offering engineering services within this field.
The company has seen turnover increase by 140 per cent in the last two years, from £500,000 to £1.2m.
Further growth of at least 30 per cent is predicted for the coming 12 months along with the creation of 10 new jobs.
This growth is a result of new engineering and distribution contracts that the company has secured.
Royal Bank of Scotland has supported the purchase of the premises with a six figure commercial loan.
Roger Marsden, financial director of Electroserv+, said: “I am really excited about the new site and it is great to be finally in and operating from there.
“The building is much larger than our previous home on Short Street and has provided us with lots more space for warehous- ing and office facilities.
“Since acquiring the business three years ago we have really focussed on driving growth through our distribution and engineering divisions.
“Both areas are expanding at a healthy rate and we are continuing to secure good new contracts regularly.
“The funding we have received from Royal Bank of Scotland to help us with the acquisition of the property has been excellent.
“We first worked with the bank in 2013 when they funded our acquisition of Electroserv+ and I am thrilled with the ongoing support we continue to receive which is helping us to develop the business.”
●● Jason McIntosh and Roger Marsden, directors of Electroserv+, and Simon Parkinson of Royal Bank of Scotland outside the new premises