Contractor digs for success with £1.8m investment in new machinery
A family-owned brownfield remediation specialist has invested £1.8m in new plant machinery to meet demand from customers and take on larger projects, thanks to support from Lloyds Bank.
McAuliffe Group is based in Wolverhampton, with a second site in Hale, Cheshire. The business supports housebuilders and developers such as Moda Living, Bloor Homes, and Taylor Wimpey, as well as local councils, to prepare brownfield sites for redevelopment.
The Group has been heavily involved in key infrastructure projects including HS2 and recently carried out remediation works for Birmingham 's new Curzon Street Station.
Founded in 1970 by current group managing director John McAuliffe 's father and uncle, the business now employs more than 150 people. The firm also offers haulage services and recycling of waste materials for both external and internal waste at its own centre in Bilston.
With the support of a £1.8m loan from Lloyds Bank, McAuliffe Group has purchased two Caterpillar 340 hydraulic excavators and two Komatsu D61 intelligent dozers.
The new machinery will enable McAuliffe Group to accept larger projects in the confidence that it will be able to meet the needs of its large construction clients.
In order to help the business keep all its machinery and trucks up to date, Lloyds Bank has provided an ongoing asset finance facility since 2015, currently totalling £7m, from which the latest investment has been drawn.
Thanks to this support, in past two years McAuliffe Group has been able to spend a total of £7.6m on 38 new pieces machinery and vehicles, supporting the business to achieve a turnover of £50m in the next three to five years.
John McAuliffe, group managing director of McAuliffe Group, said: “There 's significant demand for housing in both the private rental and social housing sectors, meaning we 're incredibly busy. In particular, demand in Birmingham is booming, and we 're currently involved in five high-rise sites in the city centre.
“Over the fifteen years we 've worked with Lloyds Bank, the team 's support has been invaluable in helping us drive sustained organic growth. Their backing gives us the confidence to plan ahead and make investments in the business, knowing that they 'll be by our side to provide the funding we need to grow. ”
Ian Littleford, associate director, Asset Finance for SME and Mid Markets at Lloyds Bank, and Luke Blount, relationship director at Lloyds Bank, supported the business through the investment, working to facilitate the purchase.
Luke Blount said: “McAuliffe Group is a fast-growing business, boasting an impressive roster of loyal customers and crucial projects that they 've supported. While the business started out as brownfield contractor, it has diversified its offering to meet its customers ' needs, from operating a recycling plant to deploying its own fleet management system.
“The business has even established the McAuliffe Foundation, to help give back to its local community.