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Wellocks eyes growth after it secures continued funding

17 December 2014 by
Wellocks eyes growth after it secures continued funding

Lancashire-based Wellocks, suppliers of fresh and dry ingredients has announced further plans for growth in the UK and overseas with continued funding from the Yorkshire Bank.

The family business founded in 1964 has grown from a small potato merchants into a major food wholesalers with a client portfolio including Gleneagles, Exclusive Hotels Malmaison and Fera at Claridge's in London.

In 2010, Wellocks moved to a 32,000 sq ft purpose-basis facility, which has 12,000 sq ft worth of fridge space, a freezer capable of holding more than 200 pallets, and a designated chef's preparation area. The move increased the company's floor space by 300% compared with its previous site in Trawden. The business now employs 270 staff.

Turnover, which is currently in excess of £25m, is expected to be around £30m when this year's accounts are finalised. Continued support from Yorkshire Bank following the move of premises has provided for investment in various specialist plant and equipment, and regular additions to the company's delivery fleet.

James Wellock, who runs the business with his wife Jo, said: "A lot of suppliers have been with us for many years and we've developed a future with them. We've always banked with Yorkshire Bank and we see our relationship with the bank as a trusted partnership, too."

John Reeves, relationship manager at the Yorkshire Bank's Business and Private Banking Centre in Blackburn, began working with the business in 1998 when the turnover was around £2m.

He said: "James Wellock is very keen, focused and absolutely passionate about top quality food and top class customer service, both of which have been a major driving force in the company's success. In the 16 years we've worked together our relationship has grown with the business. I feel as much part of the business as the management team.

"As the economic outlook continues to improve, Yorkshire Bank remains focused on supporting the growth ambitions of businesses in Lancashire."

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