North Yorkshire Business Secures its Future with Funding from Barclays
Posted on the 23 May 2018
Analox Ltd, based at Stokesley Business Park, North Yorkshire, has secured its future with a deal to purchase their current building and the surrounding land with funding from Barclays.
Analox has rented the building which has housed their factory and business operations since 2007, when the business expanded from their first premises just around the corner, on Ellerbeck Way. The purchase of their premises on Ellerbeck Court marks a milestone in the company’s growth strategy, enabling expansion plans for the future.
Mark Lewis, Managing Director of Analox said, “Officially owning the building we operate in is a significant step forward on the path to achieving our growth strategy goals. We have been steadily growing in turnover and in staff numbers since we moved into our current premises and this purchase secures future planned developments.
“We have been analysing the layout and monitoring the output of our factory in order to effectively optimise productivity and purchasing the building will allow us to be much more flexible.”
This investment into the business highlights the ongoing commitment of Analox to manufacture quality gas sensing systems from North Yorkshire. From designing bespoke distributed sensor networks for submarines to installing unique sensors on space exploration missions, the business will continue to flourish.
Mike Wicks, Barclays Business Banking Manager arranged the funding for the deal and said: “Analox Ltd is a great example of a company that is thriving and expanding for the future. We’ve been working with Mark and his team for some time now and look forward to seeing this well managed business continue to grow and contributing to the local economy.”