Type in the area above to perform a search. Results will appear on the next page
For further information regarding Insider events, please use the contact details below:
T: 0161 907 9758 E: eventenquiry@newsco.com
In the July issue, Insider talks to Paul Hollick,…
A Coventry-based wholesaler of woodwork machinery has purchased its commercial premises using funding from Barclays.
Ney, which is based on the Stonebridge Trading Estate, has secured the funding to buy the premises the business currently rents.
The company, which was established in 1976, is a distributor of woodworking machines and woodworking materials supplying manufacturers of furniture at all levels. Ney supplies everything from power tools to CNC solutions, new and refurbished woodworking machines, after sales service and spares - plus edgebanding materials, foils, components and adhesives.
It has a turnover of more than £13m and employees 79 people.
Five years ago the business lost its commercial premises in near Coventry Airport following a fire and since that time, Ney has been leasing the premises at Stonebridge Trading Estate.
Managing director Shahana Kishver said: "We have wanted to purchase our own premises for some time and waited until our rental property came on the market.
"These premises are well located in a highly sought after area which places us in a good position to expand our business.
"We will be making some capital expenditure into the site to develop it further to best serve our business."
James Hodgson, relationship director for Barclays in the Midlands, said: "Ney Ltd is a well- established business in their sector.
"I am really pleased we have been able to support them with the funding to purchase their own premises which will provide a great platform on which to further grow the business in the future."
Jon Robinson, Senior Digital Staff Writer T: 0161 907 9743 E: jon.robinson@newsco.com
Tracey Bull, Regional Sales Director T: 0121 214 6560 E: tracey.bull@newsco.com
© Newsco Insider Limited | Registered in England and Wales with Number 02709518 rights reserved Sitemap | Terms & Conditions | Privacy Policy & Cookies