Business Times October 2023
Est. 1991
NE W S
In print and online Business Times is published in Northamptonshire for the county’s business community www.Business-Times.co.uk
NE W S
Invest in wellbeing to boost world economy. P2
FE AT UR E
MBO takes owners from work placement to boardroom. P5
‘A huge milestone’: Quarry firm seals £1.6m funding
D
emand for sustainable products for use in the construction industry is rising and a Northamptonshire company is expanding its services to keep pace after securing a £1.6 million funding package. Storefield Group has used the funding from Lloyds Bank to complete the acquisition of the 50acre Earls Barton Spinney quarry and to invest in a new ‘wash plant’ to clean aggregates excavated from the quarry to ensure their suitability for use in construction. The investment is part of the group’s expansion plans. It has grown its vehicle fleet by ten per cent and upgraded to bigger lorries to reduce vehicle trips. In the last 12 months, Storefield has grown from two main operating sites to four, with planning permission secured for a new former steelworks site to be regenerated into a recycling facility. Work is due to start next year. The company, whose head
Package enables aggregates specialist to speed up growth office is in Kettering, provides aggregates used in construction and landscaping, such as sand, gravel and stone. It also recycles materials recovered from live building projects so that they can be reused, avoiding overuse of quarries. Recycling in this way means the business saves 300,000 tonnes of useable materials from going to landfill, the company said. Project manager Emily Wright said: “Earls Barton Spinney is our first ever quarry and represents a huge milestone in Storefield’s journey. It means that we now have an end-to-end offering, digging up the materials, supplying them to our customers and also clearing excavated waste from their projects to be recycled and reused for new projects. And the new wash plant
means that we are doing this far more efficiently and sustainably.” After grading and separating the aggregates from the quarry, water used in the wash plant process is filtered into an on-site lagoon and refiltered into the plant to optimise water usage. Ms Wright said: “We know how important recycling and sustainability is becoming to our customers, who are mostly small businesses just starting to make a change. Being able to manage the waste from their projects and ensure it is put back to use, rather than into landfill, gives them the foundations on which they can go on to make an even bigger impact for the environment.” The majority of Storefield’s customers are small to mid-sized
home builders, with the business saying it supports the construction of 3,000 homes each year. This is alongside working on projects for infrastructure and utilities companies and supplying materials for small businesses, including renovators and landscapers. Storefield has previously worked on projects including London’s Olympic Park, as well as major rail infrastructure projects, with the aggregates coming from excavated materials supplied to local businesses. The group is targeting £20 million in turnover by the end of 2024, after recording a turnover of £12 million last year. Stephen Woolridge, relationship director at Lloyds Bank, said: “Regeneration and infrastructure projects, as well as home building, carry significant weight in driving economic recovery. Storefield is a good example of a business that has spotted a gap in the market and is moving to meet a growth in demand.”
FIN AN CE
Sustainability Matters... and business shows why. P11-14
Q& A
A benchmark for economic viability. P16
Nikki Wills, director of Wills Consultants. P19
Dr Johnny Wake, managing partner of Courteenhall Farms near Northampton, is one of six winners of the Bledisloe Gold Medal, presented to those making outstanding contributions to farming for food, people, the environment and profit by Royal Agricultural Society of England. Full story: Page 14.
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