Facebook - Birmingham Business Twitter - Birmingham Business Instagram - Birmingham Business
https://www.shropshirebiz.com

Exporters unveil new warehouse facilities

A West Midlands business specialising in exporting branded foods, has completed the building of its new warehouse and processing centre.

Y International (UK) Ltd, which is based in Aston, has completed the 124,000 square foot site at the Advanced Manufacturing Hub on Priory Road.

The business, which was established in 2012, specialises in the relabelling and packing of branded food goods which it largely sells to its owners ‘hypermarkets’ – LuLu in the Middle East.

Commenting on the completion, Tony Perks, operations director at Y International (UK) Ltd, said: “The planning and development of our new site has been some years in the making. This bespoke building will not only offer us warehousing space but will also house our processing centre and will future proof our business expansion plans.”

Barclays provided a £10 million property development term loan to support the business with the project. Ian Reynolds, relationship director for Barclays in Birmingham, said: “Y International identified a niche in the market and have since built a rapidly growing business.

"I am delighted we have been able to provide the funding for them to build this development which will help them further develop the business as they look to move into new markets.”

The build took 12 months to complete and cost around £15 million. The business currently turns over in excess of £28 million, employs 175 staff – a figure which is set to increase to 230 in the next ten years. In 2017 the company was awarded a Queen's Award for Enterprise for International Trade.

Coffee shop receives vital funding

Owners say support has increased cafe's chances of survival

30th July 2020

Travel agency receives vital funding

Barclays steps in with crucial support and advice

3rd June 2020

Help where it's needed

Support measures in place for impacted customers

30th June 2020

Major new UK headquarters on the way

Industrial services provider invests in multi-million pound project

22nd April 2021

Surgical supplier secures vital funding

Barclays supports business as part of Coronavirus initiative

14th May 2020

Entrepreneur takes back control

Shareholder acquires firm he founded in 2012

17th June 2020

Business owners and investors urged to sign up

Webinar will help with advice on pitching for investment

24th April 2020

Business has home testing kits wrapped up

Firm is an integral part of Covid-19 testing plan

29th June 2020

Expanding firms take on huge warehouse

Engineering specialists sign up for new lease

12th October 2020

Gloom for Laura Ashley and Carphone Warehouse

Big-name retailers are casualties in a dark week

17th March 2020

Interior design firm appoints first apprentice

Birmingham company welcomes new face to the team

14th January 2021

Barclays names new head of corporate banking

Expert will lead the Midlands team

4th August 2020

Distance learning provider launches bursary

Project revealed in response to Covid-19 pandemic

26th March 2020

Loan provider seeks increased backing

Growing demand leads to request for injection of funds

23rd January 2020

Construction firm donates laptops

Pupils receive devices to help with home schooling

25th February 2021