Longley Concrete invests in growth with backing from Barclays

ONE of the UK’s leading suppliers of precast concrete, Longley Concrete, has announced further investment in its West Yorkshire site, as it continues with its growth strategy plan, backed by a new finance deal from Barclays.

The Longley Group, established in 1947, is headquartered at Thornhill, Dewsbury and is also set to invest in its site in London, which the company has recently opened.

Finance director, John Longley, said: “It’s great that we’ve been able to implement our long-term growth plans with this funding from Barclays.

“The new London site we’ve invested in will enable us to keep pace with the strong order book we have while maintaining a high level of flexibility, which is something that we take pride in.

“This continued expansion should lead to employment opportunities that will benefit UK PLC, which is essential for sustaining economic growth.”

Barclays has provided additional working capital facilities to assist with the growth plans, alongside asset finance lines to fund on-going capital expenditure.

Barclays relationship director, Charles Shepherd, said: “Longley Concrete is a fantastic local success story in a very challenging operating environment.

“The management’s ambitious growth plans are testament to their success and this deal serves as a clear indication that Barclays is open for business for high quality transactions.”