Hire firm powers ahead with investment deal
A WELL-ESTABLISHED York business, which counts Portakabin and Network Rail as customers, is set to re-energise its sales and marketing strategy following a funding boost from Finance Yorkshire.
Elcocks, which sells, hires and repairs power tools to the trade has secured a £30,000 Business Loan.
The business is headed by brother and sister partnership Andrew Elcock and Claire Bedford, together with their father Ivan and was established in 1971 by their grandfather, Claude.
It stocks a range of power tools from leading manufacturers and is a warranty repair specialist for Makita, Stihl and Black & Decker.
From premises in Goole, Driffield and the head office in York, it also sells a range of associated products from clothing to insulation tape.
A 700-strong customer base includes Shepherd Group, Portakabin, City of York Council and Network Rail.
The £30,000 funding boost from Finance Yorkshire will provide additional working capital to refine the firm’s sales and marketing strategy to further growth.
Martin Bell at RedSky supported the team at Elcocks in securing the Business Loan.
Ms Claire Bedford said: “We are always looking at ways to boost sales and improve our service and the funding from Finance Yorkshire will be vital in allowing us to create two new roles within the business: a sales rep and a trade counter assistant.”
Finance Yorkshire investment manager Ian Atkinson said: “Elcocks remains very much a family business which prides itself on first class customer service and this has enabled it to compete with names such as B&Q and Screwfix.
“We are pleased to support the team as they continue to grow and create new jobs close to 50 years since the business was formed.”
