Road contractor drives on with £5.7 million boost
A second-generation highways maintenance and civil engineering firm says it has paved the way for fresh growth after securing a £5.7 million loan.
J Hopkins Contractors has been backed by OakNorth.
Officials at the Manchester-based, family-owned operator say the funding will be used to buy a new 6.4-acre headquarters site in Irlam, Salford, and expand its plant and equipment range.
Founded in 1973 by John and Maureen Hopkins, the firm is known for carrying out surfacing projects across highways and airfields, as well as delivering drainage services.
Noel Hopkins, managing director, said: “The new site is a significant milestone, providing the space and resources needed to support our long-term growth strategy.”
Stewart Haworth, director of debt finance at digital bank OakNorth, added: “J Hopkins Contractors exemplifies the type of resilient, growth-oriented business we are committed to supporting.
“With contractor revenue set for growth over the next five years, driven by major infrastructure programmes, the firm’s acquisition of the Irlam site positions it perfectly to capitalise on this tailwind.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Keeping it reel: Creating video in an authenticity era
Budget: Creating a more vibrant market economy
Celebrating excellence and community support
The value of nurturing homegrown innovation
A dynamic, fair and innovative economy
Navigating the property investment market
Have stock markets peaked? Tune out the noise
Will the Employment Rights Bill cost too much?
A game-changing move for digital-first innovators
Confidence the missing ingredient for growth
Global event supercharges North East screen sector
Is construction critical to Government growth plan?