Maxilead looks to grow after investment

A FAMILY-owned metal processing firm has invested in a new piece of equipment to boost productivity and help it start exporting.

Maxilead Metals of Tyldesley near Leigh has bought a £340,000 Fuchs 340 wheeled machine after securing £240,000 of funding from Yorkshire Bank.

The new equipment, which has a fast hitch arm and inter-changeable attachments, is expected to transform the firm’s metal processing capabilities. 

It means Maxilead can cut up to 100 tons of oversize metals per day into compact sizes, which can be transported more efficiently and command higher re-sale prices.

The company collects and processes metal from national engineering firms, local authorities, recycling businesses, skip hire companies and the public.

Peter Clay, who founded Maxilead in 1985, said: “Our plans are to build on our strong roots by continuing to provide an honest, reliable service with fast payment.

“We are looking to increase our turnover which may lead us to increase our workforce. We are actively developing export sales with plans for new facilities at Parr Bridge for loading containers for transport by ship.”

Sean Williams, head of Yorkshire Bank’s business and private banking Centre in Manchester, said: “The current economic climate and emphasis on sustainability means there is a rising demand for the metal processing and recycling services offered by Maxilead.  

“Peter and his team are forward-thinking directors with a realistic growth plan. The bank has a strong, long-term relationship with Maxilead and we are pleased to support its ongoing expansion by providing funding for this new machinery.”