Partner Article

Gateshead body shop purchases new site with Barclays funding

Gateshead-based Aliweld Limited has landed funding from Barclays to purchase an additional site to increase its capacity and manufacturing capability.

Aliweld Limited, a body shop established in 1991 specialises in the manufacture and repair of tipping bodies.

Headquartered at Stargate Industrial Estate, Ryton, the funding has assisted with the purchase of the adjacent premises to further their expansion plans.

Run by local businessmen Trevor Marshall and Toby Welch, the firm also fits a wide range of hydraulic tipping gears and sheeting systems, manual and electric.

Aliweld Limited now employs 20 people locally and turnover for the current year is expected to exceed £2.5m.

Trevor Marshall, Director, Aliweld Limited said: “We’ve been growing the business organically for some time now and have outgrown our current premises which we bought some time ago.

“The new unit which we’ve bought is located next door and will provide us with space to expand capacity, increase manufacturing and also stock.

“Barclays provided the funding for the expansion which will secure the future of the business and take us into our next phase of growth.”

Martin Griggs, Business Banking Manager at Barclays put together the funding package for the deal and said: “It’s great to see a local business expanding for the future and contributing to the local economy.

“Trevor and Toby’s team are very experienced in this niche market and we look forward to seeing the business continue to grow in the coming years and supporting them with their future needs.”

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