Global Foods Ltd has invested £600,000 supported by Barclays to acquire new vehicles, fork lifts and commercial freezers as part of the ongoing investment strategy to increase distribution and storage capacity from the company headquarters based at Stadium Close, Cardiff.
Global Foods offers a cash & carry and a delivered trade operation, the latter being serviced by a fleet of twenty vehicles, all of which carry ambient, frozen and chilled products.
The foundations for Global Foods were laid in 1964 by Muhammad Yaqub, Company Director with the opening of a corner shop. Having branched out into catering supplies in the ’70s, the shop was sold the following decade as this side of the business expanded, culminating in a move into a purpose-built 50,000 sq.ft warehouse in 1987. The business now employs over 120 staff and expects turnover to exceed £100 million next year.
Mubarak Ali, Company Director at Global Foods Ltd said
“We are the market leaders in food wholesale in Wales serving in excess of 5000 customers with over 40,000 products, providing a true one-stop-shop for our customers.
We directly import our own frozen food, such as chicken, seafood, prawns, lamb and mutton, as well as a comprehensive range of spices from all over the world. Our huge range of wines, spirits and beers, including keg beer, means we can service the widest possible range of customers at competitive prices.
We pride ourselves on having a reputation for unbeatable and reliable customer service, from the moment our fully trained, multi lingual telesales staff calls you, to when the goods are delivered to your door!”
Chris McHale, Barclays Relationship Director, said
“By really understanding the business and the industry sector, Barclays has been able to provide a funding package to support Global Foods Ltd throughout this investment strategy. A £600,000 investment in the new equipment demonstrates both Barclays and Global Foods Ltd confidence in the continued growth and success of the business. This is a great example of a Welsh based business investing to deliver business growth and job security. ”
Shahid Iqbal Finance Director Global Foods said
“We are confident that investing will help us to achieve our goals. This could not be possible without the support of Barclays. We are looking forward to work closely with Barclays to achieve our future plans to expand the business.”
Muhammad Yaqub, Company Director continues
“The new investment will allow us to create 10 new jobs over the next 12 months. Our business strategy going forward is to scale down the wholesale operation and focus more on the delivery and cash and carry operations where we are able to achieve greater customer satisfaction, financial stability and expand our geographical footprint.”