North West scrap metal firm secures six-figure Yorkshire Bank funding

One of the largest family-owned scrap metal recycling firms in the North West has secured a six-figure funding deal with Yorkshire Bank to unlock international expansion and create jobs.

Greater Manchester company Maxilead Metals has used the funding to purchase new container-titling machinery for its £3.5m facility in Tyldesley, Wigan, in addition to taking on three new members of staff.

The gear will allow the business to improve efficiency when moving scrap metal into containers, sealing them and exporting the metal. With greater access to overseas markets, Maxilead Metals can charge higher prices for its materials than is currently possible domestically.

Maxilead Metals’ founder, Peter Clay, said: “We have ambitious plans for growth on the back of the funding deal provided by Yorkshire Bank.

“The new tilting machine will allow us to ramp up our export potential, giving us access to a range of new markets which we couldn’t reach before. We’re at the forefront of the industry already, and this machinery will make us even more competitive.”

He added: “We continuously aim to develop our premises and our people, and have further plans to grow the business in the near future.”

Yorkshire Bank has provided Maxilead Metals with an asset finance package to fund the procurement of new machinery. In the coming months, the firm plans to make additional asset acquisitions and expand its fleet.

Peter continued: “Yorkshire Bank has been the perfect partner for Maxilead Metals and instrumental in the business’s growth. Ian Walkden and Stephen Cox have been great supporters of our company and we can’t recommend them enough.”

Now fully operational, the new container-tilting machine is being used to pack and send scrap metal to a number of international destinations, including Holland, India and Bangladesh.

The head of Yorkshire Bank’s manchester business and private banking centre, Sean Williams, commented: “It’s great to work with and be able to support a thriving local business like Maxilead Metals.

“Yorkshire Bank remains focussed on investing in the local economy and it’s extremely rewarding to know that we can play a part in supporting the aspirations of ambitious firms like Maxilead Metals.”

Established over 30 years ago, Maxilead Metals today has an annual turnover exceeding £15m and employs 30 full-time staff.