Member Article

Bank backing sees Lincolnshire egg farm aim for £45 million turnover

Lincolnshire-based egg business L J Fairburn and Son Ltd has received bacing from Barclays Corporate, the medium and large business arm of the financial services provider.

L J Fairburn and Son Ltd was founded in 1951 by Leslie Fairburn with £150 which he used to buy 150 chickens.

The business is now in the third generation and employs over 100 staff and turnover is expected to reach over £45 million this year.

Located at Ivy House Farm, Farlesthorpe Road, Alford, L J Fairburn and Son Ltd produce over eight million eggs a week, ranging from organic, free range, barn and colony eggs.

The farm also rears in excess of 1,750,000 birds per annum for their own use and resale, and produce and mill over 78,000 tonnes of feed every year.

Louise Fairburn, director L J Fairburn and Son Ltd said: “Following the recent downturn and with Barclays help, we’ve had a complete economic review to see how we can operate more effectively and free up cashflow.

“With some additional funding and Barclays support we’re on track for record sales this year and totally EU compliant.”

Kevin Peart, relationship director at Barclays said, “It’s been a challenging environment for many businesses and to operate successfully for over 60 years is a fantastic achievement.

“The new funding will provide the flexibility for growth going forward and the future looks bright for this well managed and ambitious business.”

This was posted in Bdaily's Members' News section by Clare Burnett .