Gwynedd Forklifts Ltd has expanded into garage’s former Mochdre site after a deal supported by Barclays.
A former Slaters of Abergele site has been bought in a major investment by an expanding company.
Slaters of Abergele collapsed into administration this spring with the Nissan and Citroen dealership in Abergele closing as well as a maintenance and repair site in Mochdre, Colwyn Bay.
Now Gwynedd Forklifts Ltd has expanded into the Mochdre site after a £1.6m investment, supported by Barclays.
The former Slaters car dealership site in Abergele is on sale for £1m.
The former servicing site on Blackmarsh Road will provide additional space and create 10 new jobs for this local family business as it relocates from its current site on Conway Road, Mochdre.
Gwynedd Forklifts Ltd was established in 1984 and supplies, hires and services a range of forklift and access equipment such as scissor lifts and telescopic handlers.
The business currently employs 37 staff and expects turnover to exceed £6.5m next year.
Paul Singleton, managing director at Gwynedd Forklifts Ltd, said: “Moving to the new site will allow the continued evolution of our business.
“The new site will accelerate the growth of the new company GFL Access which has diversified the business into the sale, hire and servicing of access platforms and lifts.”
He added: “At 23 I started my own business from the back of my house in Penmaenmawr and have steadily grown the business over the next couple of decades.”
Gary Fletcher, Barclays relationship director, said “By really understanding the business and the industry sector, Barclays has been able to provide a funding package to support Gwynedd Forklifts Ltd throughout this exciting expansion.
“A £1.6m investment in the new premises demonstrates both Barclays and Gwynedd Forklifts Ltd confidence in the continued growth and success of the business.”
Mr Singleton added: “This is very much a family business with my two sons, brother, sister and two nephews working in the business. With over 500 machines on hire at any one time we are growing the business in the right direction.
“We are optimistic for the future and already have plans to acquire another
For more information on GFL visit www.gflaccessplatforms.co.uk