UK manufacturer targets growth with machinery investment
One of Europe’s largest manufacturers of temporary fencing and pedestrian barriers has doubled its production capacity after securing an asset finance facility worth £3.2 million from Lloyds Bank Commercial Banking.
Based in Rotherham, ZND UK Ltd manufactures temporary fencing, hoarding and pedestrian barriers for the events and construction industry.
The business, established in 1997, has invested in a fence line machine using asset finance funding from Lloyds Bank’s Global Transaction Banking team, in response to increased customer demand.
Not only has the machine doubled output capacity, but it can also produce panels to European specifications. ZND UK currently exports 30 per cent of its outputs to the continent but since having the machine installed, is aiming to increase exports by 50 per cent by the end of the year.
James McLean, managing director at ZND UK, commented: “Growth in the construction sector has resulted in a surge in demand for our products.
“Lloyds Bank was able to identify and provide a funding solution which significantly increased our export capacity, capitalising on growing demand from overseas for products that comply with EU regulations.”
Ian Banks, relationship director at Lloyds Bank Commercial Banking, said: “ZND UK is a leading UK manufacturer, so we were pleased to support the purchase which has helped the business unlock the next stage in its growth strategy.
“This funding method is ideal for businesses looking to invest in substantial machinery equipment without paying a lump sum. Instead, that money could be better invested elsewhere’ to help support day-to-day expansion or positive growth opportunities.”
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