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Keighley firm's growth plans underpinned by bank funding
9:30am Sunday 22nd September 2013 in News
A family-owned construction and civil engineering business which has ridden out the downturn in the sector is set for further expansion.
Keighley-based RN Wooler & Co is on track to achieve a £30 million turnover this year and says the funding from Barclays will help it maintain steady growth.
The company, founded by managing director Norman Wooler in 1985, carries out work for a wide range of well-known clients, including Morrisons, for which it is building a major extension to the Farmer’s Boy food processing site at Dudley Hill. Work on the 32-week project was planned to avoid disruption to the food processing production lines.
Wooler’s clients also include Bradford Council, Skipton Building Society, Keighley brewer Timothy Taylor, Airedale NHS, Shipley-based Aagrah restaurant group, West Yorkshire Police, the Keighley & Worth Valley Railway, University of Bradford, Yorkshire Water and Manorlands hospice at Oxenhope.
Norman Wooler said: “Barclays funding underpins our growth plans. We’ve recently identified further development opportunities which will see the acquisition of additional sites to provide steady growth over the coming years. We know the property sector has been difficult for some in recent years, so we’re delighted that we’ve been able to weather the storm and continue with our growth plans.”
The company, which employs more than 200 staff, will use the new funding to continue with several small housing developments which will complement its core building contract work which Wooler undertakes nationally.
Wooler operates from a purpose-built base which opened in 1993 .
In spite of the tough operating climate, Wooler has continued to make substantial investment in new plant, including two telescopic handling vehicles, a 13-tonne excavator and a 15-tonne wagon and also spent more than £250,000 on new vans.
Richard Howarth, Barclays relationship director, said: “RN Wooler is a great example of a well-managed business.
“They have an ambitious management team that is willing to invest for the future.”
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