A METAL processing company is predicting further expansion after buying a new baling machine that turns cars into cubes of scrap metal in under 40 seconds.
Maxilead Metals Ltd, based in Tyldesley, Manchester, has bought the Belgium-made Lefort Conqueror 500 machine after securing a £300,000 investment from Yorkshire Bank’s Manchester Financial Solutions Centre.
Maxilead Metals is one of the largest family-owned and operated metal processing companies in the North West and specialises in processing ferrous and non-ferrous metals, as well as offering a wide range of associated metal recycling services.
The company, which has a turnover of £15million, collects and processes metal from engineering firms, local authorities, recycling businesses, skip hire companies and the general public, much of which is exported to foreign markets, melted down and used again.
Tom Clay, a director of Maxilead Metals, said: “This new machine will run alongside our existing baling machine giving us much larger capacity for vehicle crushing and the processing of other scrap metal.
“We continue to target further growth and expansion and the support we have received from Yorkshire Bank will allow us to do that.”
Steve Cox, a partner at Yorkshire Bank’s Manchester Financial Solutions Centre in Spring Gardens, said: “There is an ever-increasing demand for the metal processing and recycling services offered by Maxilead Metals.
“Maxilead is an extremely well-managed business with clear plans for growth and we were very pleased to be able to support those growth plans with funding for this new machine.”
Maxilead Metals was established by Peter Clay in 1985 and has grown steadily ever since. In 2008 the company invested £3.5million in upgrading facilities at its seven-acre Parr Bridge Works in Mosley Common Road.
The company offers metal collection services, skip services, vehicle recycling, electrical and electronic waste recycling (WEEE), scrap metal recycling and metal analysis.