Concrete specialist secures six figure funding deal to increase fleet

From left: James Prendergast (AIB), Paul Sharples and Gareth Hesketh (Exact Concrete), Jonny Beckwith (AIB)

Rochdale-based Exact Concrete has upgraded its fleet of machinery thanks to a six-figure funding deal provided by Allied Irish Bank (GB).

The firm has depots in St Helens, Rochdale and Ellesmere Port and employs 15 people.

The business has expanded its fleet of trucks with four new Bay-Lynx Volumetric Concrete Mixers and received a £700,000 asset finance facility that has been structured by the Liverpool Business Centre team at Allied Irish Bank (GB).

The funding line brings total funding to date provided by the bank to more than £1m.

The machines are part of Exact Concrete’s renewal programme to upgrade existing machinery, help to complete a range of contracts across the North West region and provide opportunities for further growth.

Director Wayne Critchley said: “As one of the region’s leading suppliers of ready-mix concrete and screed, it is essential we have the best equipment to deliver for our customers.

“The funding provided by Allied Irish Bank has enabled us to upgrade our fleet of concrete mixers and, in turn, will improve our future growth thanks to the increased capacity and efficiency they will deliver.”

He added: “Before being deployed to the UK one of the machines has also been showcased at the recent BAUMA trade fair in Munich which is renowned as the biggest construction trade fair in the world. This has been a great honour and provided a new way to promote our business and the North West as key player in this industry.”

James Prendergast, assistant relationship manager at Allied Irish Bank, said: “Asset finance is a great way to power growth because it is a flexible and committed line of funding. The facility has enabled Exact Concrete to add extremely powerful and advanced pieces of kit to their fleet of machinery which will contribute to the continued success of Exact Concrete across the North West and UK.”

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