Allied Irish Bank’s Liverpool branch has provided a £700,000 (€793,000) asset finance facility to North West of England based firm Exact Concrete.
The funding line brings total funding to date provided by Allied Irish Bank (GB) to over £1m. The four new Bay-Lynx Volumetric Concrete Mixers purchased through the facility are part of Exact Concrete’s renewal programme to upgrade existing machinery and help to complete a range of contracts across the North West region and provide opportunities for further growth.
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James Prendergast, assistant relationship manager at Allied Irish Bank (GB), said: “Asset finance is a great way to power growth because it is a flexible and committed line of funding. The facility has enabled Exact Concrete to add extremely powerful and advanced pieces of kit to their fleet of machinery which will contribute to the continued success of Exact Concrete’s across the North West and UK.”
Exact Concrete has depots in St. Helens (Merseyside), Rochdale (Greater Manchester) & Ellesmere Port (The Wirral) and employs 15 people.
Wayne Critchley, director of Exact Concrete, said: “As one of the region’s leading suppliers of ready-mix concrete and screed, it is essential we have the best equipment to deliver for our customers. The funding provided by Allied Irish Bank (GB) has enabled us to upgrade our fleet of concrete mixers and in turn will improve our future growth thanks to the increased capacity and efficiency they will deliver. We have worked with Allied Irish Bank (GB) for over four years and they continue to provide good support.
“Before being deployed to the UK one of the machines has also been showcased at the recent BAUMA trade fair in Munich which is renowned as the biggest construction trade fair in the world. This has been a great honour and provided a new way to promote our business and the North West as key player in this industry.”
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