£3m plus ex­pan­sion for grow­ing firm

The Peterborough Evening Telegraph - - Business - By Paul Grin­nell paul.grin­nell@jpress.co.uk Twit­ter: @PTPaulGrin­nell

A Peter­bor­ough com­pany has just com­pleted a £3 mil­lion plus ex­pan­sion. Bar­nack Es­tates UK, of South­gate Way, Or­ton South­gate, has bought ad­di­tional premises in Wer­ring­ton with a £3.29 mil­lion fund­ing deal agreed with the York­shire Bank.

The new ac­com­mo­da­tion is a 49,000sq ft ware­house pro­vid­ing 5,000 new pal­let spa­ces for stor­age.

Owner and chair­man Rob Facer said: “We’ve had to con- tin­u­ally build more stor­age space for our prod­ucts as the busi­ness has grown.

“The sup­port we have re­ceived from York­shire Bank to fund the premises has been very flex­i­ble.

“Our busi­ness is quite di­verse and hav­ing a per­sonal re­la­tion­ship man­ager who takes the time to re­ally un­der­stand what you do is im­por­tant.”

Bar na ck Es­tates is made up of three sep­a­rate busi­nesses - Bar­nack Con­fec­tionery, Bar­nack Stor­age & Lo­gis­tics and Bar­nack Es­tates UK ( Con­struc­tion).

It di­ver­si­fied fromits orig­i­nal con­fec­tionery of­fer­ing as the com­pany grew to a point it needed ad­di­tional ware­hous­ing fa­cil­i­ties. Af­ter build­ing the­first 50,000sq/ ft space, Mr F acer re­alised there was an op­por­tu­nity for di­ver­si­fi­ca­tion into the con­struc­tion and lo­gis­tics sides of the busi­ness.

Simon Moore, head of the bank’s Cus­tomer Bank­ing Cen­tre in Peter­bor­ough, which pro­vided 100 per cent of the pur­chase cost for the ware­house, said: “Bar­nack Es­tates UK has ex­pe­ri­enced con­tin­ued growth over the last 30 years and has demon­strated a gen­uine entrepreneurial track record, iden­ti­fy­ing lu­cra­tive op­por­tu­ni­ties and cap­i­tal­is­ing on them.”

DEAL: from left, Simon Moore, head of York­shire Bank’s Cus­tomer Bank­ing Cen­tre in Peter­bor­ough, Rob Facer, owner and chair­man of Bar­nack Es­tates UK, and Steve Woods, re­la­tion­ship man­ager at York­shire Bank’s Cus­tomer Bank­ing Cen­tre.

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