Member Article

Peterbrough drainage firm expands into North East

An East Midlands drainage firm has expanded into the North East with support from Yorkshire Bank’s sister, Clydesdale Bank.

Family business, Dalrod, has opened a new 1,000 sq ft premises in Throckley, near Newcastle, just a year after it bought out its competitor, AAA drains.

The business was taken over by Dave Lane, son of founder Walter Lane, in 2008 and has made significant steps with the help of the bank in the last four years.

Mr Lane, who hopes to increase the business’ turnover by up to 25%, commented: “Clydesdale Bank has been looking after us for the duration of the company’s history.

“Its hands-on support counts for a lot and without its advice, backing and investment, our business wouldn’t be what it is today.

“During the last few years we’ve made some major developments and are gradually increasing our presence. The investment in a new facility in Newcastle is the latest in a long line of expansions.”

The regional director for Clydesdale Bank, Brian Colquhoun, said: “DALROD is an established business which is always on the lookout for growth opportunities and we’re proud to have supported the company for many years.

“The Growing Business support package recently launched by Clydesdale Bank is designed for companies just like DALROD which have plans to invest in equipment and machinery, or taking on or extending premises. “

This was posted in Bdaily's Members' News section by Miranda Dobson .