Metal recycling firm Bayliss Recovery has expanded operations to a second base following a £1.1m funding package from NatWest.
With an existing base in Ogmore Vale, Bayliss now also has a site at Bridgend Industrial Estate, which will deal solely with loose metals.
The loan included support from NatWest’s asset finance arm, Lombard in order to meet equipment and vehicle costs.
Founder of the 15-year-old business Howard Bayliss said: “We’d been trading well for some time which gave us the confidence to consider opening a second unit. The new site at Bridgend Industrial Estate is enabling us to expand our customer base, which is an important part of realising our growth ambitions.”
NatWest relationship director Andrew Jones commented: “I’ve worked closely with both Howard and Ian Lewis, the business’ environmental manager, over several months to develop my understanding of their business strategy and the direction they want the business to go. In conjunction with my colleague Phil Butler at Lombard, we developed a range of tailored funding solutions.
“Expanding to a second base could be viewed as a bold step but with their knowledge of the sector, I’m sure the Bayliss team will make the Bridgend site as successful as the first.”