A family business providing paints and coatings to industry has secured a 拢200,000 investment to help it reach for more exports and accelerate 海角视频 expansion.
New Guard Coatings, based in Wetherby, North Yorkshire, with a warehouse in Leicester, has expanded in recent years with the addition of sites in Glasgow, Hull, Warrington and Crawley. Now the third generation business has secured the six figure sum from NPIF 鈥 Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund 鈥 to roll out trade counters or collection points at all the existing locations and create four new jobs in Wetherby and Hull.
The business, which has 38 staff, also plans to increase exports to the US via its existing office in Houston. New Guard supplies manufacturers, engineering firms and other industrial users with a range of protective coatings, including leading brands and its own Guard range, which can be supplied in colours using its tinting machine. The company has its own fleet and operates a next-day delivery service throughout the 海角视频.
Read more: Former Salt Beer Factory MD launches new nitro coffee venture
The firm was established in 1977 by father and son team Alan and Paul Cooper and since 2014 has been run by Paul鈥檚 son, Ben Cooper. It is the second loan from NPIF 鈥 Mercia Debt Finance as a previous loan received in 2019 helped to support its expansion to date.
Ben Cooper, managing director, said: 鈥淎t New Guard, we pride ourselves on our ability to offer top brands and rapid local service while maintaining our family business ethos. We set out our national expansion strategy seven years ago and, with the support of NPIF and Mercia, have already achieved most of our original goals. This latest funding will help us to complete our national network with the launch of a South West office and strengthen our footprint in the existing regions.鈥
Andy Clough of Mercia, added: 鈥淣ew Guard is an example of a third-generation family business that is continuing to grow and has expanded well beyond its Yorkshire heartland. Thanks to its extensive stock levels and rapid service, it has become the 鈥榞o to鈥 supplier for commercial coatings. This latest funding will enable it to firmly establish its position as a national operator.鈥
Keira Shepperson at British Business Bank said: 鈥淚t鈥檚 great to see the continued growth of New Guard with new sites, demonstrated by the recent opening of four new sites, stretching to Lancashire, Yorkshire, and Scotland and increased export capacity. All of which has been made possible through funding from the Northern Powerhouse Investment Fund.鈥
