Bristol headquartered hard landscaping materials manufacturer, Bowland Stone, has acquired a new three-acre site on Feeder Road for £1.45 million.
Bowland Stone, which was established in 1995, has bought the land from the former owners of HJ Chards which it acquired in 2014. The business has since completely redeveloped the site and moved its accounts and administration teams to the premises.
The recent purchase of the land provides ongoing stability for the business as well as a permanent base in Bristol.
Ian Elston, MD of Bowland Stone, said: “Since acquiring HJ Chards a few years ago, it has always been an ambition of ours to own the land as well, so when the opportunity arose we jumped at the chance. As well as making good commercial sense, we wanted to have an asset that would secure the future of the business.
Elston and his sister, Julia used a dedicated funding package from HSBC in 2010 when they undertook a management buy-out from their father who had run the business for 15 years.
James Shepherd, HSBC area director for Bristol, Gloucestershire and Wiltshire, said: “Our relationship with Bowland Stone spans more than 15 years and in that time we’ve seen the business go from strength-to-strength. HSBC has a thorough understanding of the industry and the company’s evolving finance requirements and this latest round of funding is testament to its ongoing success.”
As well as manufacturing hard landscaping materials such as decorative paving slabs, patio kits, path edgings and stepping stones, Bowland Stone bags decorative aggregate products – such as gravel, chippings and rockery – across its two sites in St George and Henbury.
The business has plans to consolidate the two sites into one manufacturing and distribution facility in the next 18 to 24 months.