Lancashire firm set to grow after finance deal

Jobs: Norman Tenray
Jobs: Norman Tenray
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Lancashire-based OBAS UK Ltd has announced a refinancing package in partnership with Lloyds Bank Commercial Banking.

It has resulted in six additional jobs with five further roles anticipated in the New Year.

From its headquarters in Longridge, near Preston, OBAS sells tens of thousands of products to tradespeople, with ranges including construction supplies, workwear, personal protection equipment and safety gear.

It was established in 2008 following the acquisition and merger of four existing companies.

The six new roles include three apprenticeships and three additional sales people, with the company anticipating five further jobs to be created in the New Year in customer service, credit control and admin.

Additionally, OBAS is to utilise the refinancing package to maximise marketing opportunities, including the promotion of the company’s own branded product ranges.

OBAS CEO Norman Tenray said: “Working in partnership with Lloyds Bank gives us a great outlook for growth in the future, allowing us to scale up the business to meet the demands of our customers and provide much needed local employment.

“The construction industry was probably the worst hit industry during the recent recession and where many other businesses have failed, we’ve maintained our position by focussing on continuity and sustainability, however growth has eluded us.”

Lloyds Bank Commercial Banking Relationship Manager, Di Davies, said: “This finance facility will enable OBAS to grow as the construction industry continues its recovery, enabling the company to take full advantage of expansion opportunities