Storage firm expands at industrial development

COLD storage firm Rick Bestwick has increased capacity at its Scunthorpe site after securing £4.8m funding from Aldermore.

The finance facility has enabled the company to increase its footprint on site, now taking up 605,000 sq ft there.

Units 1,3 and 4, which have been acquired from the Yearsley Group, will be used to keep products at temperatures from ambient to -18 degrees celsius.

Kevin Hancock, managing director at Rick Bestwick, which is part of the Magnavale Group, said: “The increased capacity at Scunthorpe will allow us to store and additional 30,000 pallets at a range of different temperatures to keep the products in the best condition possible.

“The larger space means that we can take a wider selection of products from existing and new customers and puts us in an excellent position to support retailers, food manufacturers and foodservice businesses in preparation for the busy Christmas period.”

Founded in 1987, Rick Bestwick North has operated out of Scunthorpe since 2011.