F Tindall & Son today announced they have acquired a new site to further expand their farming business.
Based in Newark, F Tindall & Son have historically farmed 750 acres and diversified some time ago through storing and retailing specialist bird foods. This led to further business opportunities, expanding the range of seeds and grain being processed through the site. As the market grew it was necessary to increase the capacity for storage and so the business moved to rented premises. Once established they opened a small retail shop on site and in addition have recently launched an online wild bird supplies website ’ both sell their own range of products.
Robert Tindall, Partner at F Tindall & Son said: ’Barclays Business has been very supportive of our latest acquisition and play an integral part in our future plans for growth. With the new financial structure in place we were able to purchase premises we had previously leased and the storage business now forms a large part of our operations. Putting the new funding in place as quickly as they did allowed us to quickly purchase the buildings at a time when supply coming onto the market is limited’
The business now employs five staff and plans to continue with expansion plans on the site.
Anne Stuart, Barclays Business Agricultural Manager has supported the business with funding and said: ’Barclays Business is committed to helping businesses in all sectors to grow and strengthen their business. Agriculture is a growing sector and F Tindall & Son is a fantastic example of a business that is thriving and growing in difficult economic conditions and we are delighted to support their expansion plans.’
Paul Meadows, Park Accountancy, Newark advised on the deal for F Tindall & Son.
