Timber firm Beers raises a glass to growth
A family-run timber importer and supplier to the construction trade has grown its sales of timber by 41% after acquiring a complementary business with support from Lloyds Bank.
Read time: 5 mins Added: 02/03/2020
Beers Timber & Building Supplies is a longstanding and leading supplier of timber and building materials in Merseyside, founded in 1916.
It has now acquired Bolton-based timber machining distributor Tonge Bridge Timber Sales, which manufactures and supplies wood products from skirting boards to decking and cladding.
The deal has helped Beers to grow both its headcount and customer base, with the business now on track to reach a turnover of £40 million within the next five years.
A long-term success story
Beers Timber & Building Supplies provides quality products to over 150,000 customers each year, employing 160 staff across 10 sites across the North West.
It was founded at a time when most of the nation’s timber passed through Liverpool, but over 100 years later the business is one of just a handful of timber importers remaining in the area.
The family-owned firm is today run by the fourth generation of the Beer family.
"At Beers, we're always expanding and growing to meet our customer needs."
Michael Beer, managing director, Beers Timber & Building Supplies
Michael Beer added: "The purchase of Tonge Bridge Mill is a great example of our forward thinking approach, allowing us to increase our capacity, introduce new product lines and boost our headcount.
"The team at Lloyds Bank has been by our side throughout this process, providing the tailored funding and support we needed to make the venture a success."
"Even at more than 100 years old, Beers Timber & Building Supplies continues to look forward."
Alistair Pike, relationship director, Lloyds Bank Commercial Banking
A dynamic approach
Alistair Pike added: "This dynamic approach is what has enabled the business' longevity and success.
"Michael and his brother Alan are continuing the legacy of their great-grandfather at the same time as taking their business to the next level, which should be applauded.
"We've worked with this business for a long time, providing £2.8 million in support, which has included term loan and working capital. We're proud to work with forward-thinking businesses like Beers and hope they will inspire others to seize the opportunities available to achieve their business ambitions."
All lending is subject to status.
Important legal information
Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc, Lloyds Bank Corporate Markets plc and Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH.
Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.
Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH is a wholly-owned subsidiary of Lloyds Bank Corporate Markets plc. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH has its registered office at Thurn-und-Taxis Platz 6, 60313 Frankfurt, Germany. The company is registered with the Amtsgericht Frankfurt am Main, HRB 111650. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH is supervised by the Bundesanstalt für Finanzdienstleistungsaufsicht.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.
While all reasonable care has been taken to ensure that the information provided is correct, no liability is accepted by Lloyds Bank for any loss or damage caused to any person relying on any statement or omission. This is for information only and should not be relied upon as offering advice for any set of circumstances. Specific advice should always be sought in each instance.