Levenshulme-based I J Kayes to expand with six-figure boost

A North West scrap metal recycling firm has secured a six-figure commercial mortgage to drive growth at its processing site in Manchester.

Levenshulme-based I J Kayes will use the support from Barclays to buy and expand into an adjacent one-acre plot.

The firm’s owner, Ian Kayes, said: “I have been extremely impressed by Barclays’ sector focus, their proactivity and willingness to lend.”

The bank supported the firm when it acquired its existing four-acre site in 2012.

Ian continued: “Acquiring the adjacent land will significantly increase the capacity of the business and enable us to take on more significant projects in the future.

“The support we continue to receive from Barclays is an endorsement of our strategy and illustrates both the strength of our balance sheet and the quality of our asset base.”

Having taken over the business from his father in the 1990s, Ian has since invested in new buildings, plant and machinery.

Over the last 12 months, I J Kayes has seen tonnage increase by 50%. Now, boss Ian is looking at unlocking further growth through exports and plans to add three or four new faces to his 10-strong team.

Stuart Stocks, Barclays Corporate Banking’s Manchester-based relationship director, commented: “Barclays has enjoyed a strong relationship with the Kayes family for over 40 years and we are proud to be associated with them.

“Ian has proved he has the appetite and confidence to invest and this has been critical to the business performance in recent years. Ian has bold ambitions and I look forward to seeing the business go from strength to strength in the months and years ahead.”

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