Cash injection sees growth for garden supplier

Blooming: Charlton Brook's Andrew Morton, Ian Howson of Finance Yorkshire, accountant Peter Hollis and Charlton Brook's Michael Morton
Blooming: Charlton Brook's Andrew Morton, Ian Howson of Finance Yorkshire, accountant Peter Hollis and Charlton Brook's Michael Morton
0
Have your say

New growth is sprouting at landscaping and garden supplies company Charlton Brook, thanks to a £56,000 cash injection from Finance Yorkshire.

The High Green company, which focuses on providing a range of landscaping services for the commercial sector, is planning to create new jobs and buy vehicles with the loan, which will also boost the company’s cash flow.

Brothers Andrew and Michael Morton, who run the business established almost 35 years ago by their father and their uncle, approached Finance Yorkshire at the suggestion of their accountant, Peter Hollis of Hollis Chartered Accountants.

“The Finance Yorkshire money, combined with indications that the market is picking up, means we now have more confidence to do so, as well as further increase our plant stock production,” said Andrew Morton

“It is extremely encouraging that our turnover is steadily increasing, resulting in further job creation, improved cash-flow and profitability. It is also encouraging to see our domestic customer base increasing, as well as demand for our new landscape design services.

“As our business is seasonal and workload can vary considerably, we will look to take on staff through agencies, but this is still good news as it means we are, nevertheless, creating new roles for local people.”

Finance Yorkshire investment manager Ian Howson said: “Charlton Brook are not alone – many of the region’s businesses are still feeling the impact of the recession so this funding will be a welcome boost, giving them working capital to get them back up to pre-recession trading capacity levels.”

Charlton Brook operates from a four-acre nursery in Springwood Lane, High Green. Customers include leading housing developers Persimmon, Kier and Strata Homes.