A family-run storage and distribution company is investing in a new 30,000 sq ft property supported by a £2 million funding package from Barclays. Brysons Haulage is making the investment to help with its continued expansion.
Management said the 37-year-old, third generation family business has continued to grow year on year despite the economic and industry challenges faced in recent times. It now employs 23 staff and is on track to achieve £3.5 million turnover in 2023.
The loan will help it buy a commercial property on the Merrylees Industrial Estate, near Desford, Leicestershire, which will allow it to bring together existing units and have the capacity to take on new work.
Brysons managing director Dean Watson said: “This is still very much a family run business with customers and employees at the heart of everything we do.
“We are very grateful to Barclays for supporting us with this sizeable investment which not only helps to secure the future for the next generation of our family run business, but also allow us to continue to execute our exciting growth plans.
“We are well positioned within a competitive market, with a loyal client base.
“Running a family business is tough but the rewards far outweigh the downsides even after working long hours.
“We continue to invest in our people and new premises to help the business to grow.”
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Barclays business relationship director Ashley Hallam said: “It is essential that we support local growing businesses such as Brysons Haulage which are so important in local communities.
“The third generation of the family now work in the company and understand the tradition and responsibility that carries.
“This business has shown excellent resilience in the most challenging of times and I hope this new investment will give them the platform to take the business to the next level.”