Bradford light equipment dealer receives £2.2m finance for growth

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L-r: Saleem Akhtar, MD, Jinnah Group, and Lee Rycraft, relationship director, Lloyds Bank.

Bradford-based United Foods Cash & Carry has opened a new 89,000ft2 store thanks to support from Lloyds Bank Commercial Banking.

The business, which supplies goods to restaurants and fast food outlets across the north of England, bought the new premises with help from a £2.2m finance package from the bank.

The new base is more than five times the size of its previous one nearby, which was only 16,000ft2.

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The expansion has created 10 jobs, with further plans in place to upgrade the butchery department and to introduce a line of crockery products for restaurants and catering businesses.

United Foods Cash & Carry is part of the Jinnah Group, a Kashmiri dining restaurant chain with restaurants in Bradford, York, Harrogate and Selby.

Saleem Akhtar, MD at the Jinnah Group, said: “The growth and success of the cash and carry, which started in 1982, is down to a thriving hospitality industry in West Yorkshire and across the north.

“The new store will help us become one of the largest distributors of produce and equipment for restaurants, caterers and fast food stores in the region.”

United Foods Cash & Carry expects its £7m turnover to increase by 20%. The business, which supplies customers as far as Liverpool and Middlesbrough, is also adding five more delivery vans to its fleet with support from Lex Autolease.

Lee Rycraft, relationship director at Lloyds Bank, added: “This is another huge drive to expand from the Jinnah Group, which also recently announced plans to open a world-food centre and hotel in Bradford.

“The group’s initiatives will help to create many new jobs in Bradford. Ambitious companies like this are helping Britain to prosper, which is why we’re happy to support Jinnah Group on its latest project.”

Tags : financelight equipmentLloyds BankUnited Foods Cash & Carry
Clare Nicholls

The author Clare Nicholls

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