Premises extended
Barnack Estates UK Ltd, which operates in the confectionery, storage and construction sectors, has extended its premises with £1m funding from Yorkshire Bank.
After experiencing a significant period of growth, Orton-based Barnack Estates has built an extension to its warehouse and office buildings, adding 50,000sq/ft of storage space to the existing 110,000sq/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 of 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.
Facer says: “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.
