Thursday, June 26, 2014

News: ZND secures backing from Barclays

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Rotherham-based ZND UK, the market leader in the manufacture and supply of high quality temporary fencing, has secured financial backing from Barclays bank as it invests in its Barbot Hall facility and goes for further growth.

The funding has enabled ZND to purchase its 170,000 sq ft Rotherham facility that manufactures more than 17,500 meters of temporary fencing per day. Recent investment in new machinery is significantly increasing the capacity even further and ZND hopes to increase the number of staff, currently at 97, as it secures more orders from across the globe.

Turnover is expected to reach £37m this year with the success of its "Smartweld" products. Smartweld is one of the toughest, most durable temporary fencing panel systems ever developed and ZND has invested millions in the manufacturing process that makes its products the most technically advanced temporary fencing and pedestrian panel range available today.

James McLean, managing director at ZND (UK) Ltd, said: "We've banked and worked with Barclays since 1998, just after the business incorporation, and Barclays have supported ZND (UK) Ltd with our growth strategy since then, providing development finance on several occasions over the past years.

"The latest deal we have secured with Barclays will enable us to purchase the leasehold premises we currently operate from which will provide long term security and stability for the business.

"In addition Barclay's personnel and most recently Matthew Chenery have been extremely professional and have provided sound financial advice and options supporting ZND (UK) Ltd in providing financial backing to support the business growth and development."

Matthew Chenery, relationship manager at Barclays, added: "It's great to support a company investing for the future and creating jobs locally.

"This is a great example of a well-run local business with a forward thinking and ambitious management team and the future looks bright as it moves into the next phase of growth."

Lorries packed high with fencing are common sight on Rotherham's roads and recent high profile contracts for ZND include the Commonwealth Games in Dehli, events in London for the 2012 Olympics and the Queen's Diamond Jubilee, and the 2014 Boston Marathon.

Over 15,000 fences and over 3,000 pedestrian barriers are on their way to Glastonbury this weekend and ZND safety barriers will be in use for the Grand Depart of the Tour de France being held in Yorkshire next month.

ZND website

Images: ZND

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