L/R: Mark Lythe, managing director at Pricecheck; Lee Walker, finance director at Pricecheck; Mark Butterworth, relationship director at Lloyds Bank; Debbie Harrison, managing director at Pricecheck.
The Sheffield wholesaler is on track to double its workforce to 200 staff in less than five years thanks to the rapid international growth and support from Lloyds Bank.
The firm is set to employ 200 staff with revenues of £100m by 2020 after the business secured an additional 40,000 sq ft of warehouse space on Stevenson Road, Attercliffe, seven miles away from its HQ.
A £7.5 million finance package from Lloyds Bank will support the company’s investment, kitting the new site out with forklifts, pallet racking and stock for the firm to trade internationally.
The firm has seen its growth accelerate since Lloyds Bank supported the move to its current base in 2016
Lee Walker, finance director at
“Growing exports has been core to our strategy in the last few years too. Now, almost half of our revenue comes from overseas.
“We sell to over 75 countries globally, supplying wholesalers and retailers in Europe, Africa, Asia, North America and Oceania.
“With the new warehouse accommodation and finance from Lloyds Bank, we’re now in an excellent position to move forward with our growth plans, and to develop the firm to a scale that gives us a real competitive advantage in the market.”
It’s workforce, largely recruited from the region’s universities, include employees that are fluent in eight different languages, supporting
Mark Butterworth, relationship director, Lloyds Bank Commercial Banking, said: “It’s been exciting to see the rapid growth of Pricecheck in the last few years.
“The firm has capitalised on the growth of the discount sector and has established itself as a trusted trading partner for retailers around the world, building a business with a truly global reach.
“We are committed to supporting the ongoing success of businesses like