A FAMILY-owned North East warehousing and packaging business with a site in Washington is on course with its plans to double turnover over the next five years after securing a £2.2m funding package.
Jaymac Solutions has a factory in Stephenson Industrial Estate along with other sites in Gateshead, Newcastle, Teesside and Darlington.
The company has now secured a £2.2m funding package from Lloyds, which includes a £1.52 million loan and a £681,000 business loan and asset finance facility and will also lead to the creation of eight new jobs.
In August, it expanded the Washington factory and office space, which recycles and repairs up to 15,000 pallets every week and it was here in the town where new company branding was rolled out for the first time.
Jaymac Solutions started life providing pallets to traders selling fruit and vegetables from a unit at Team Valley in the 1990s and now offers a range of services including warehousing and logistics for a number of big high street names, along with specialist foam fabrication.
The continued growth of the company – and its ambitious future plans – were celebrated at special event at Ramside Hall Hotel, Golf and Spa near Durham last week where invited guests heard from a range of funders on ways their individual businesses could be helped and were the first to see the company’s new brand.
Wes Thompson, Managing Director at Jaymac Solutions, said the secret to the company’s continued success lies in asking customers how they can help them.
“Our business has grown through relationships, someone giving us that first opportunity,” he said.
“A customer trusting us with a little more responsibility. A supplier helping us out when we needed it. Someone making an introduction that opened a door.
“Over time, those opportunities have helped us build a broader business. A conversation about pallets becomes a conversation about packaging, then storage, transport or managing a customer’s returns.
“Before you know it, “I think we can help with that” has become quite a substantial job list.”
The company is constantly looking at ways to become a one-stop-shop for its clients, with some of the new funding invested in heat-treatment capability, which means it can manufacture, heat treat and store pallets all in on location.
“Across the business, our offer brings together pallets, packaging, storage, recovery and logistics support. The common thread is simple: understand what our customers need, get involved and do a good job,” Wes added.
“Our new Jaymac branding reflects the business we are becoming and the confidence we have in its future.”
