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Manufacturer relocates to new premises in Worksop with Lloyds Bank support PDF Print E-mail
Thursday, 14 May 2015

An outdoor products designer and manufacturer has relocated to Worksop and tripled the size of its headquarters with the support of a £2.65million funding package from Lloyds Bank Commercial Banking.

Kybotech Ltd makes and designs garden furniture, outdoor buildings, toys and barbeques, and sells its products to customers across the country through its online stores Garden Buildings Direct and RedShed, and through national retailers such as Argos and Tesco.
 
The business has moved from its old premises near Newark to a new 350,000 sq.ft. building on Dukeries Industrial Estate in Worksop, due to an increase in customer demand for its garden furniture and outdoor buildings because of more people moving home in the past few years.
 
Lloyds Bank provided the funding to enable the company to purchase the new building, and the relocation has provided the business with three times more space to produce client orders. The site includes a warehouse, head office and planning permission to develop a manufacturing facility on site. Once open, this will create a number of new jobs for the local area, boosting the business’ current workforce of 130 employees.
 
Kybotech, which recorded annual sales of £32million in 2014, manufactures eighty percent of its products in the UK using timber products, and all are delivered using the firm’s fleet of 40 vans.
 
Charles Walton, CEO at Kybotech, said: “The growing popularity of online shopping along with increased movement in the property market has resulted in significant growth for the business, and it was clear that a larger premises was necessary to allow us to keep up with client demand.
 
“The new building is ideally located near to the M1 and A1 road links, giving us excellent transport links to distribute to our customer base across the UK. The support of Lloyds Bank has helped us to move from rented premises and buy our own space, and having all our facilities on one site will make a positive environmental and logistical impact.”
 
Sally Johnson, Relationship Director at Lloyds Bank Commercial Banking, said: “Kybotech identified  quality new premises to help it deliver the next stage of its growth strategy, and we provided the funding support to help the business to complete a move that benefits both its workforce and customers.
 
“As summer approaches people enjoy spending more time outdoors, and this move will enable the business to cater to escalating demand for its extensive range of products.”

(Source - Lloyds Bank Commercial Banking Press Release)
 

 

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