Plastics supplier purchases new £1m premises in Oldham

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Plastics supplier purchases new £1m premises in Oldham

A specialist supplier of plastics and aluminium products has purchased new trading premises in Oldham after securing funding from NatWest commercial banking.

Plastics Direct Ltd has invested £1m to purchase a new 20,000 sq ft premises on Vulcan Business Park in Oldham. The company previously traded from rented premises in Ashton under Lyne.

Established in 1989 by its directors Carl Morgan and Barry Stringer, Plastics Direct stocks numerous plastics and aluminium products which are used in the manufacture of hundreds of different products including signs, point of sale displays, street furniture, toys, medical equipment and transport applications.

Plastics Direct, which has a turnover of £2m and employs 18 staff, has also invested heavily in CNC machinery to offer its customers a bespoke plastics fabrication service.

Carl Morgan, Operations Director at Plastics Direct, said: "It was clear that we had taken the old site as far as we could. There was limited space to improve the business and this had started to hinder our operations. Without the move to new premises we would have struggled to increases our current level of sales. The move to Oldham is a very exciting development and gives us the opportunity to expand our product range and fabrication services."

Peter Treadwell, Senior Relationship Manager at NatWest said: "The directors of Plastics Direct have recognised they need to move in order to keep the business competitive. We are happy to have provided the finance to help them relocate to Oldham."

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