Industrial distributor set for Markham Vale move with Yorkshire Bank backing

30/07/08

AN international industrial equipment company is to become the first business to move into the design build part of a new north Derbyshire business park after gaining funding from Yorkshire Bank.

Industrial Ancillaries Ltd, which distributes a range of hydraulic, pneumatic, instrumentation and process products, has acquired 33,600 sq ft premises at Markham Vale Business Park, after gaining backing from Yorkshire Bank’s Chesterfield team, which forms part of the Bank’s South Yorkshire Financial Solutions Centre (FSC).

The family business, founded in 1969, will move into the multi-million pound purpose-built premises, which will have 33,000 sq ft of warehousing and 3,600 sq ft of two-storey office space in December to coincide with its 40th anniversary.

Markham Vale is a 200-acre business and industrial park being developed by Henry Boot Developments, part of Henry Boot Plc, on the site of the former Markham Colliery, with its own M1 motorway junction. It is expected to create 5,000 jobs and attract £130m private investment.

Industrial Ancillaries Ltd, which has been based in 7,500 sq ft premises in Chesterfield for 12 years, has 20 staff, a £3m turnover and scores of customers throughout the UK, mainland Europe and internationally, ranging from small end users to the nuclear industry.

Managing director, Jamie Dennis, 32, whose stepfather founded the business, says: “As well as the attraction of owning our own premises, we believe that the new facility will enable us to double the size of our business in three years.

“Our current premises have outgrown their use as we have run out of office space. As well as offering better, more modern, working conditions, the new premises will enable us to enhance our service to customers and instantly increase the different product line items we stock from 20,000 to 30,000.

“We’re looking forward to moving as we believe that Markham Vale will become a prime business location in north Derbyshire. I found Yorkshire Bank’s Chesterfield team exceptionally good to deal with which is why they won the contract.”

Phil Walker, senior partner for Yorkshire Bank’s Chesterfield team, says: “Industrial Ancillaries is a strong and well-respected local business and we are pleased to support its future success by funding its relocation. We are always looking to support trading businesses in South Yorkshire and North Derbyshire and are very much open for business.”

Yorkshire Bank’s South Yorkshire FSC, Broughton Lane, covers Sheffield, Chesterfield and the Deane Valley and has 51 staff supporting businesses across the property, commercial and industrial spectrum.

Henry Boot Developments acquired its first 60 acres at the Markham site from landowner Derbyshire County Council in March 2007. The first phase of the scheme also includes a 577,500 sq ft logistics building nick-named the Green Giant.  Property consultant King Sturge is agent to the scheme.