A major water authority order to maintain supplies has led to a record contract for a North Yorkshire manufacturing business.
Tanker manufacturer, Sayers Road Tankers Ltd, has won a £1.6m order for 25 tankers for Dr Cymru Welsh Water, Swansea, after gaining backing from Yorkshire Bank’s Tees Valley Financial Solutions Centre (FSC), as part of its Investing for Growth initiative.
The tankers will be used by Dr Cymru Welsh Water’s Emergency Logistics Team to transport supplies in order to maintain customer supplies when it is dealing with bursts or other problems in its network.
More than ten jobs have been created and others secured by Sayers Tankers, Leeming Bar, with the order – the biggest single contract in the company’s ten-year history - which is also supporting the company’s planned expansion this year (2012).
The contract was for thirteen 25000ltr road tankers, eight demountable tankers and four rigid vehicles mounted onto a DAF chassis to carry up to 20,000 litres of water – all of which can pump water at 600 litres a minute.
Sayers Tankers managing director, Cliff Sayers, said: “This is the company’s biggest-ever single one-off contract which has created and secured jobs and allowed us to push ahead with expansion plans earlier than we expected.
“We are completing five new manufacturing bays at our existing site at Leeming Bar Industrial Estate, which represents a 30 per cent increase in our shop-floor space, and we have put in planning application for a new five-bay workshop 200 yards away which will become operational by the autumn and will create at least a further five jobs.
“We required funding from Yorkshire Bank to buy raw materials to start work on this major contract due to the tight timescale – and Yorkshire Bank has been first class for us.
“We’ve continued to expand our business with regard to road tanker manufacture and hire with a range of contracts during the economic downturn due to the quality of our services and facilities here at Leeming Bar.”
Sayers Tankers, founded by managing director, Cliff Sayers in 1992, has 51 staff and a £6m turnover. The company operates nationally supporting major blue-chip transport operations by manufacturing and repairing tanks and tankers and providing a hire service.
David Jeffery, business partner at Yorkshire Bank’s Tees Valley FSC, said: “Sayers Tankers is a first-rate manufacturing enterprise which is what the UK needs more of, and Yorkshire Bank is pleased to have backed the company with this major order and helped to create jobs locally.”
Yorkshire Bank’s Investing for Growth initiative enables businesses to take advantage of loan repayment holidays, interest-only repayments and extended loan and credit terms designed to take advantage of quality growth opportunities. Businesses signing up to the package can re-invest the cash into their operation for expansion, new staff, equipment, machinery and commercial development.