JT Atkinson set to expand further in the North East backed by RBS funding

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JT Atkinson set to expand further in the North East backed by RBS funding

Middlesbrough-based JT Atkinson, the well-known family-run builders merchants, is set to continue its growth story in the North East with funding and business support from the Royal Bank of Scotland Corporate & Institutional Banking (RBS CIB) team in Newcastle.

Supporting corporates

07 November 2011

JT Atkinson, an independent business serving the building trades since 1860, has recently opened five new branches, including ones in Hartlepool, Gateshead and Sunderland. These developments have increased the number of its yards to 13 across the North of England, complementing established units in Northallerton, Middlesbrough and Stockton on Tees. The firm has also been able to lease out a large part of its site in Penrith to Go Outdoors, one of the UK's largest retailers of outdoors clothing and equipment.

Buoyed by its on-going success and the new funding support from RBS CIB, the company is now looking to add further sites to its North East portfolio and to continue to hire new employees to meet business demand. JT Atkinson, which in 2010 celebrated its 150th anniversary, registered £25m in annual turnover in the last fiscal year and has seen its number of employees rise to nearly 200, with around a fifth of this increase coming from the recently opened units.

Edwin Atkinson, managing director, is part of the sixth generation of the family to work in the business, a management line that looks set to continue with Edwin's two sons Jamie and Jonny recently joining the team. RBS CIB has a long-standing banking and business relationship with the company, and will be working closely with it and its management as the firm takes itself into new markets and opportunities.

Jeremy Boyd, finance director at JT Atkinson, said: "We have plans to open further branches throughout the North East and will be looking to RBS CIB and its team in Newcastle for high quality support as we expand the business. RBS has been a fantastic partner for us and is fully aware of our ambitions for the North East market."

Graham Robinson, relationship director for RBS CIB in Newcastle, said: "JT Atkinson is positioned for growth and the Royal Bank of Scotland is delighted to be supporting this very well-known North East franchise. The firm is investing not just in its stores and its staff but also in stock, in vehicles, and in upgrading its sales and services technology. The deal with Go Outdoors also shows the firm is benefitting from strong business flexibility and acumen, again very much with a focus on maximising customer opportunities and generating additional sales."

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