Corby concrete business expands with RBS and NatWest help


Corby concrete business expands with RBS and NatWest help

Corby based suppliers of ready mix concrete and floor screed, DK Concrete Ltd are looking at future expansion and diversification plans, after agreeing additional working capital facilities from NatWest and RBS Invoice Finance.

DK Concrete is an independent, trusted, family-run business which was established in 2005. Although they have only been operating for seven years, managing director David Kernaghan, his wife Lea and their team have more than 30 years experience in all areas of the construction industry. Over the last seven years the company has expanded and has gained an excellent reputation for quality product delivery and service.

The company employs 14 people at its Corby head office plus their satellite sites which are based in Peterborough and Northampton.

The current economic climate has caused the company to look at diversification to ensure they would not only survive but also grow. With this in mind they have entered into the commercial vehicle and pre MOT checks. This maximises the workshop space they already have available together with the undoubted skills they have and require to keep their own fleet of volumetric trucks on the road.

To ensure they can continue to develop both sides of their business, the company has negotiated an extension to its facilities with NatWest who have introduced their sister business RBS Invoice Finance to inject a new working capital line.

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"We are very proud of the reputation we have earned in this industry and I can honestly say that there isn’t anything we don’t know about concrete! As with many businesses, the current economic climate has caused us to look at the company, our existing expertise, the market and our future plans. We honestly needed the support of a strong bank to help us to continue the growth of the concrete businesses, whilst also giving us the financial ability to develop the vehicle maintenance side. The two businesses have a natural fit and thanks to the support we have received from NatWest and RBS IF they are flourishing."

David Kernaghan, Managing Director of DK Concrete Ltdst in Northampton

"In these difficult economic conditions it is important for businesses to look at what they do well whilst considering other avenues into which they can diversify. DK Concrete Ltd has certainly done this to great effect. Their move into vehicle maintenance whilst continuing to build on their area of expertise and maintaining existing business streams shows why they are a local success story. Our funding lines are designed to provide businesses with the flexibility needed to support growth and I am delighted to have been able to support DK Concrete’s ambitions."

Robert Davey, senior manager at NatWest in Northampton

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