Storage and logistics firm expands with £1m bank support
Barnack Estates UK, which operates in the storage, construction and confectionary sectors, has extended its premises with £1 million funding from Yorkshire Bank.
After experiencing a significant period of growth, Orton-based Barnack has built an extension to its warehouse and office buildings, adding 50,000 sq ft of storage space to the existing 110,000 sq ft premises.
Funding for the construction was facilitated by Steve Woods, relationship manager at Yorkshire Bank’s Business and Private Banking Centre in Peterborough. The bank provided a term facility of £1m against a total project cost of £1.2m.
The group, led by owner and chairman, Rob Facer, comprises three separate businesses: Barnack Confectionery Ltd, Barnack Storage & Logistics Ltd and Barnack Estates UK Ltd (Construction), each with its own managing director. The group employs 70 staff directly and a further 50 through sub-contracting.
Barnack Estates was established in 1986, originally trading as a confectionery supplier. The business distributes sweets throughout the UK to a range of leading retailers including Topshop, Superdrug, River Island and the Co-op. As the company grew, additional warehousing was required. Rob built his first 50,000 sq ft warehouse and realised he had a flare for it.
Facer said: “We had to build more storage space for our products as the business grew, which led to us expanding into the warehousing and construction sectors. We saw an opportunity to pull together a strong leadership team with the right experience and diversify the company.”
The storage and logistics arm of the firm provides warehousing, pick, pack and dispatch as well as transport services. The construction part of the business builds industrial warehouses and has developed more than 1.4m sq ft of warehousing in and around Peterborough.
The construction and storage businesses have experienced considerable growth over the last year, recently winning a large number of design and build contracts, which Rob believes reflects an upturn in the economy.
The group is considering extending its warehouse facilities and services even further in the future to keep up with growing capacity. Facer said: “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.
“The team demonstrates a positive approach to assisting us in reaching our ambitions.”
• PHOTOGRAPH SHOWS: Steve Woods (relationship manager at Yorkshire Bank) with Rob Facer (owner and chairman of Barnack estates UK Ltd)