Grant boosts Middlesbrough family business’ expansion plans
A family business, which is a specialist supplier to the home improvement industry, is expanding and creating new jobs after securing a grant of £247,000 from the SSI Task Force.
MB Distribution Ltd plans to create 25 new jobs upon completion of its brand new £2 million flagship premises in Middlesbrough.
Its expansion has been backed by £247,000 in funding from the Tees Valley Capital Grant, managed by the Tees Valley Combined Authority, and was secured with support from Baldwins Accountants.
The grant was set up by the SSI Task Force to help local firms grow, which in turn would create jobs, helping to get local people into work and grow the economy, supporting it to recover from the SSI closure.
One of the UK’s fastest growing accountancy firms, Baldwins, a leading firm which last year joined CogitalGroup to form part of its international business service group, has worked with the business for 20 years with auditing and advisory services.
MB Distribution Ltd has invested in over three acres of land in East Middlesbrough, close to A66 transport links, with the intention of using the grant funding to build a 30,000 sq ft bespoke warehouse and retail outlet.
Managing director of MB Distribution Ltd, Mike Greenup, whose wife, Brenda, son, Michael, and daughter, Shirley, all work at the firm, said: “This expansion will take the business to the next level.
“We will never be a B&Q but we are a professional local company that is customer focused, knowledgeable and a supplier of quality home improvement products.
“Baldwins has been at the forefront with our grant application. Andrew Rowe has kept us on the right track, which ensured a smooth process resulting in a great offer. Without Andrew’s input, we wouldn’t have achieved such a successful outcome.”
Baldwins Director, Andrew Rowe, said: “MB Distribution Ltd has worked with us for several years and it’s fantastic to hear the firm is expanding both its premises and team.”
Chair of the SSI Task Force, Amanda Skelton, said, “This is a very good example of how supporting local businesses can have a really positive effect on the entire community.
“MB Distribution Ltd is a fantastic company and has shown the kind of ambition and drive that we want to continue to support. I am sure its expansion will be a big success.”
MB Distribution Ltd is a specialist supplier to both trade and retail companies and has a vast portfolio ranging from door and window hardware, internal and external PVC cladding and more. For more information about its products, please visit www.mbdiy.co.uk/
Baldwins specialises in accountancy and business advisory services, including corporate finance and specialist tax advice to all businesses from start-ups to mature companies, across a broad range of business sectors. For more information about its services, please visit www.baldwinsaccountants.co.uk