Thursday, April 7, 2016

News: Funding boost for ZND

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Rotherham-based ZND UK, the market leader in the manufacture and supply of high quality temporary fencing, has doubled its production capacity after securing an asset finance facility worth £3.2m from Lloyds Bank Commercial Banking.

Established in 1997, the firm manufactures temporary fencing, hoarding and pedestrian barriers for the events and construction industry.

Securing financial backing from Barclays in 2014 enabled ZND to purchase its 170,000 sq ft Rotherham facility at Barbot Hall that manufactures more than 17,500 meters of temporary fencing per day.

Over the last few years continued investment and improvements have been made in machinery to produce a fully automated production line. ZND has invested in a fence line machine using asset finance funding from Lloyds Bank's Global Transaction Banking team, in response to increased customer demand.

As well as doubling the output capacity, the machine can also produce panels to European specifications. ZND UK currently exports 30% of its outputs to the continent but since having the machine installed, is aiming to increase exports by 50% by the end of the year.

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James McLean, managing director at ZND UK, said: "Growth in the construction sector has resulted in a surge in demand for our products.

"Lloyds Bank was able to identify and provide a funding solution which significantly increased our export capacity, capitalising on growing demand from overseas for products that comply with EU regulations."

Ian Banks, relationship director at Lloyds Bank Commercial Banking, added: "ZND UK is a leading UK manufacturer, so we were pleased to support the purchase which has helped the business unlock the next stage in its growth strategy.

"This funding method is ideal for businesses looking to invest in substantial machinery equipment without paying a lump sum. Instead, that money could be better invested elsewhere to help support day-to-day expansion or positive growth opportunities."

Lorries packed high with fencing are common sight on Rotherham's roads and high profile contracts for ZND include new cycle barriers used at the Commonwealth Games in Glasgow 2014, barriers used at 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 went to Glastonbury and ZND safety barriers were also in use for the Grand Depart of the Tour de France held in Yorkshire in 2014.

The Dutch-owned firm has a turnover of £38m and employs around 100 staff in Rotherham.

ZND UK website
Lloyd's Bank wesbite

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