A DRAINAGE firm is expanding into new premises in Throckley, Newcastle, as it looks to increase its turnover by 25% this year.
Peterborough-based Dalrod has moved to a new 1,000 sq ft unit, with support from Clydesdale Bank, the sister of Yorkshire Bank, which has North East bases in Newcastle and Stockton.
The move comes 12 months after Dalrod bought out competitor firm AAA Drains.
Dalrod was established in 1985 by Walter Lane and, since his death in 2008, has been run by son Dave and his wife Joanne, who are managing director and finance director.
Lane said Dalrod is on track to grow turnover by 25% this year and has made major strides during the last four years with Clydesdale Bank’s support.
He said: “During the last few years we’ve made some major developments and are gradually increasing our presence. The investment in a new facility in Newcastle is the latest in a long line of expansions.
“Clydesdale Bank has been looking after us for the duration of the company’s history. Its hands-on support counts for a lot and without its advice, backing and investment, our business wouldn’t be what it is today.”
Brian Colquhoun, Clydesdale Bank regional director, said Dalrod has a growing reputation.
He said: “The Growing Business support package launched by Clydesdale Bank is designed for companies just like Dalrod which have plans to invest.”