Allan Morris Group has acquired its existing premises at Glendale Avenue, Deeside after a £2.2 million investment, supported by Barclays.
The investment to acquire the 100,000 sq foot site and company headquarters will secure the future of the existing work force and allow the continued organic growth of the business.
Established in 1893 the Allan Morris Group comprises Allan Morris Transport Ltd – a transport and logistics business and A M Recycling – the specialist paper waste recycling business. The group currently employs 60 staff and expects turnover to exceed £6 million this year.
Brian Lee, Managing Director of the Allan Morris Group said
“We are a family run business with a rich heritage. Originally a specialist in coal transport across the North West the business now operates a modern fleet of 27 trucks primarily transporting paper, aggregates, fertilizer and livestock bedding. The recycling arm of the business sorts over 120,000 tonnes of paper and cardboard per annum before exporting or delivering to the local paper processing plant at Shotton. We have been renting the existing site for the last 8 years and always wanted to acquire the site to reduce rental expenditure and strengthen the company balance sheet. ”
Gary Fletcher, Barclays Relationship Director, said
“By really understanding the business and the industry sector, Barclays has been able to deliver a funding package to support the Allan Morris Group throughout this project. A £2.2 million investment demonstrates both Barclays and Allan Morris Groups confidence in the continued growth and success of the business.”
Brian Lee, Managing Director the Allan Morris Group continues
“We are very much a local family business looking for sustainable growth. We have focused on margins and cost control over recent years which has enabled us to boost profitability. We are currently exploring future investment into robotic recycling which would enable us to diversify into recycling plastics and other materials.”
For further information visit www.allanmorris.co.uk