Barkston Group secures expansion funding

Leeds-based plastics specialist, Barkston Group, has gained a £1.3m invoice discounting facility through the invoice and asset based lender, ABN AMRO Commercial Finance.

The facility, which includes a £100,000 Enterprise Finance Guarantee loan, will enable the company to grow through a recruitment drive and by acquiring new machinery.

Barkston Group has been operating in Leeds since 1969.

The company, which has 80 staff and turnover of between £6m and £7m, works primarily with the pharmaceutical industry.

Tim Kiernan, the managing director at Barkston, said: “We are a robust business with robust systems and as we continue to grow and develop with new projects, we’re looking to expand the business by employing specialist staff and buying new equipment. “

Fraser Irvine, business Development manager at ABN AMRO Commercial Finance, said: “We were impressed with Barkston’s clear strategy for growth.”

Jenny Duxbury, financial director at Barkston managed the deal with Jonathan Simms of law firm Clarion, Leeds.

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