Grocontinental, the Whitchurch-based storage and distribution company, has completed the building of a specialist cold-storage chamber, to add to its existing cold-storage facilities which are used to store items such as cheese.
It has secured a £4m funding boost to develop its new facilities and expand its vehicle fleet. As well as £2.5m NatWest support, Grocontinental has also received a £1.6m package from Lombard Asset Finance, which financed the kitting out of the interior of the chamber, as well as leasing for 20 additional commercial vehicles.
Grocontinental operates seven-days a week from a 25-acre site. Customers include Heinz, Muller, Dairygold and Cadbury, as well as the Irish Dairy Board.
Joint managing director Linda Grocott said: “I am delighted that NatWest and Lombard have provided the facilities that have enabled us to improve our service to customers. The new storage chamber has increased our specialist cold-storage capacity which was much needed as we have continued to trade strongly despite the economic pressures of the past 18 months. Both NatWest and Lombard have made the process very straightforward and I’m grateful to them for their advice and guidance on taking our business to the next level.”
