A new Fulton Boiler purchased with a £20,000 business loan from
Finance Yorkshire has helped a Doncaster meat manufacturer increase
its output and improve its environmental impact.
Bankwood Meats has been trading on Thorne Enterprise Park since
November 2004 and purchases, cooks, slices and packs turkey
It supplies major wholesale and food service clients, but in
July Managing Directors John Hearsey and Andrew Bennett faced a
John said: "The boiler we used for cooking the turkey broke down
and was not economical to repair. We lost around £6,500 worth of
meat that we just had to throw away.
"We brought in a smaller rented boiler as a quick-fix solution
to keep production going, but continuing with this put the future
of the business in jeopardy."
John said the company, which has 15 employees, was recommended
to Finance Yorkshire's predecessor, South Yorkshire Investment Fund
(SYIF), by their accountants Smith Craven. The company initially
received investments to help establish the firm and then to help
the business against the bird flu epidemic.
John said: "We have a good relationship and have continued to
turn to Finance Yorkshire because of their amiable approach
John also said working with Finance Yorkshire Portfolio Manager,
David Ward, over the years has meant they have been able to develop
a good working relationship.
"David comes down to the factory and we go over business goals
and aspirations and our finances."
Finance Yorkshire's latest business loan meant Bankwood Meats
was able to update its old boiler model and change from electric to
gas, which is more economical to run.
"The new boiler saves us more than £3,000 per annum compared to
the old model and takes around an hour less to cook 1.5 tonnes of
meat, which is around 350 turkey breasts." added John.
A new sales executive has now also been recruited to help the
company reach larger wholesalers and supermarkets.
David added: "It has been great working with Bankwood Meats, as
we have been able to watch the business grow and help protect its
"We were delighted to invest in the new boiler to help make the
company more efficient and eco-friendly and we hope John and the
team continue to experience success."