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Chester topsoil firm Dandy’s acquires coal merchants

A CHESTER-BASED top soil and aggregates supplier has acquired a coal merchants and unveiled expansion plans, after securing funding from Yorkshire Bank.

A CHESTER-BASED top soil and aggregates supplier has acquired a coal merchants and unveiled expansion plans, after securing funding from Yorkshire Bank.

Family-run business Dandy’s Topsoil, based in Sealand, has bought H&M Taylor Coal Merchants, who are locally based in Heswall and Connah's Quay, for a five-figure sum and safeguarded two jobs.

Adam Dandy, who owns Dandy’s Topsoil and is the great-great-grandson of the firm’s founder, plans to expand the coal merchant’s operation nationwide with a new website www.CoalandLogs.com and acquire bigger premises to accommodate the growth in 2010.

Mr Dandy, who runs the business with his wife Clare, said: “We are traditionally a seasonal business, which is always very busy in the summer months but quieter in the winter, and this acquisition should even out the highs and lows throughout the year.

“Fortunately, Yorkshire Bank offers us a seasonal finance agreement for new equipment and stock, which allows us the flexibility to pay more off our loan in the busier summer months and less in the winter.

“The bank also financed the acquisition of H&M Taylor, which, together with Dandy’s Topsoil, should give our business a vital year-round revenue stream and help us achieve high levels of growth in the future.”

Dandy’s Topsoil, which was established in 1826 by James Dandy, now employs a team of 25 people and has a £2.2m turnover.

Today the company supplies high-quality topsoil as well as aggregates, turf, bark, compost and many other landscaping materials to thousands of customers every year both online and in-store, including gardeners and landscape businesses, as well as schools, local councils and even television gardening shows.

H&M Taylor sells a range of high-quality premium and economy coal, logs, kindling and firelighters and delivers to customers, including more than 1,000 regulars, in Wirral, Cheshire, Flintshire and Denbighshire.

Mike Scott, a partner at Yorkshire Bank’s Financial Solutions Centre in Liverpool, arranged the finance for the acquisition. He said: “Dandy’s Topsoil is a well established and well run family business, which simply needed to secure a year round revenue stream to finance its growth plans.

“Yorkshire Bank had worked with the company to meet its seasonal cashflow needs over the years and also financed its acquisition of H& M Taylor and we are proud to continue our support of the business, hopefully for many generations to come.”

 

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