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Powys-based Montgomery Waters Grows with £6m Investment from Barclays

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Montgomery Waters Ltd based at Churchstoke, Powys is increasing capacity after unveiling its latest bottling line to accommodate demand for the range of spring and mineral waters, under brand names such as Celtic Spring, AquaVit & Aquaroma.

The £6 million investment over the last 12 months supported by Barclays will allow capacity to exceed 120 million litres per year, delivering state of the art robotic technology and increasing turnover to £24 million next year.

Found in an area of outstanding natural beauty, Montgomery Waters Ltd sits beneath a small range of former volcanic hills. The spring and mineral water is infused with a host of essential minerals by virtue of its passage through ancient rock formations and as such providing the fine taste of the water.

dsc_0747Although the catchment area is wide-reaching, the company has ownership of the critical areas of land around the customer dedicated sources to ensure the total protection to our water, our community and our consumers who enjoy it!

Paul Delves, MD at Montgomery Waters Ltd said;

“The new investment now allows us to have 5 bottling lines to achieve our ambitious growth plans, to double turnover in 5 years. We are already one of the top 5 independently owned water suppliers in the UK and you will already see our product in many of the leading supermarket and convenience store groups as own brand labels, combined with our growing own product range of Celtic Spring, AquaVit and Aquaroma.”

Mark North, Barclays Corporate Relationship Manager said;

“This is a significant investment in a highly competitive market and paints a very bright future for the business.

By really understanding the business and the industry sector, Barclays has been able to deliver a funding package to support Montgomery Waters Ltd throughout this exciting development. A major investment like this demonstrates both Barclays and the management team’s confidence in the success of the business. The investment has already secured employment for the 55 strong workforce and will ensure production targets can be achieved to meet growing demand for the entire product suite.”

Paul Delves, MD at Montgomery Waters Ltd continues;

“We are a family business that is big enough to compete but small enough to care. As demand for fizzy drinks decline we hope to treble turnover of our flavoured watered brand as consumers seek healthier alternatives to traditional pop. AquaVit was introduced in 2013 as an attempt to add further value to our core product by enriching our natural spring water with additional vitamins. Enhanced water as it’s known has been one of the fastest growing drinks categories of Western Europe in recent years and enables us to diversify our income streams.”

For further information visit www.montgomeryspring.co.uk