New home will power Sugden to international growth

By Lancashire Business View

10 Oct 2018

sugden-expansion-1000x500.jpg
Sugden has secured £600,000 funding which will be invested in a move to a purpose-built 35,000 sq ft factory at Pendle Court.

The business, which manufacturers the machinery used in making muffins, crumpets and potato cakes, will also create 10 jobs.

The six-figure loan has been provided by Lancashire Rosebud Finance, which is managed by Mercia Fund Managers.

Sugden was acquired by Chris Baldwin of Baldwin Technical Services in 2014 following the death of its co-founder, and the acquisition was also facilitated by a Rosebud Loan.

Baldwin Technical Services provides electrical engineering services to the food industry and worked closely with Sugden to install its machinery lines.

The group now employs more than 60 staff at the Sugden factory and at Baldwin’s site in Heywood. The new premises will provide additional space for Sugden and will act as group headquarters.

Chris Baldwin, managing director of Sugden, said: “Without the financial help from Rosebud, the move to the new site for Sugden would be delayed by at least two years, which would have compromised further orders that are in the pipeline from all over the world.

"We need the space and flexibility that the new site will bring to our company. We would like to thank Rosebud and RBS for their continuing support.”

Rosebud Finance is managed by Mercia Fund Managers on behalf of Lancashire County Developments Ltd (LCDL), the County Council’s development arm.

Peter Rooney, investment manager with Mercia, said: “The acquisition of Sugden has proved to be a sound decision for both sides.

"The two companies had long worked closely together and with the assistance of Rosebud, since then they have outperformed the original forecasts and gone from strength to strength. "However the size of the Barrowford premises is now holding back further growth. This latest Rosebud funding will allow the group to take the next step in its development and move to larger, purpose-built premises.”

Latest news

1

Help Cotton Court deliver Christmas this year Cotton Court helping Christmas

Help Cotton Court deliver Christmas this year

14 Nov 2024

2

J.J.Sandham take home three awards at Wyre Business Awards Winners at the Wyre Business Awards 2024

J.J.Sandham take home three awards at Wyre Business Awards

13 Nov 2024

3

NLTG make transition to become a Community Interest Company Gareth Lindsay

NLTG make transition to become a Community Interest Company

13 Nov 2024

4

BAE Systems order book continues to take-off BAE Systems 1

BAE Systems order book continues to take-off

12 Nov 2024

5

Protecting your business when going through divorce Donna Amos new

Protecting your business when going through divorce

12 Nov 2024

PC PrestonMacan GIF980x120
Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
The Lancashire Festival of Business
FOB 315
Exhibitions
30 Jan 2025

The Lancashire Festival of Business

Impact Conferencing, Burnley, BB12 6QP

09:00 - 16:00

RISE - The Academy for Female Leaders and Managers
WENDY BOWERS RISE Illustrstion copy.jpg.jpg
LBV Hub Seminars
11 Jun 2024 - 04 Dec 2024

RISE - The Academy for Female Leaders and Managers

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:00 - 16:30

Skills Bootcamp in Procurement - Cohort 2
Blue-Modern-Land-Travel-Youtube-Thumbnail-2-1024x576.png.png
LBV Hub Seminars
15 Oct 2024 - 17 Dec 2024

Skills Bootcamp in Procurement - Cohort 2

Community & Business Partners CIC, Blackburn, BB2 3UA

09:30 - 13:00

mBITfor transformative leadership and coaching
mBIT coach Practitioner.png.png
LBV Hub Seminars
14 Nov 2024 - 17 Nov 2024

mBITfor transformative leadership and coaching

Unlocking Possibilities training venue, 166 Waterloo Road , Blackpool, FY4 2AF

09:00 - 17:00

The Business Network Central & East Lancashire
LBV Header (14).png.png
LBV Hub Networking
14 Nov 2024 - 14 Nov 2024

The Business Network Central & East Lancashire

Mytton Fold, Blackburn, BB2 7NP

11:30 - 14:15

Avidly Activates UK 2024 - Activate your customer-driven sales and marketing
avidly activates audience having a good time.jpg.jpg
LBV Hub Networking
14 Nov 2024

Avidly Activates UK 2024 - Activate your customer-driven sales and marketing

Everyman Cinema, Holmes Mill, Clitheroe, BB7 1EB

10:00 - 16:00

Live Work Create: Building Community In The Modern World
Live-Work-Create-Building-Community-1024x1024.png.png
LBV Hub Networking
20 Nov 2024

Live Work Create: Building Community In The Modern World

Society1 Coworking Space, Preston, PR1 3LT

18:00 - 20:00

LBV119 Magazine Launch Event
DSC9389
Networking
20 Nov 2024

LBV119 Magazine Launch Event

Stonyhurst College, Clitheroe, BB7 9PT

16:00 - 18:00

North West HR Employers Forum
CBP-logo LBV.png.png
LBV Hub Seminars
20 Nov 2024 - 20 Nov 2024

North West HR Employers Forum

Wham Stadium, Accrington Stanley, Livingstone Road, Accrington, BB5 5BX

09:00 - 12:00

Blackburn & Darwen Youth Zone Quiz Returns for 10th Year!
Quiz Pic.jpg.jpg
LBV Hub Fundraisers
21 Nov 2024 - 21 Nov 2024

Blackburn & Darwen Youth Zone Quiz Returns for 10th Year!

Accrington Stanley Football Club, Accrington, BB5 5BX

17:00 - 20:30

SPARK The Apprenticeship Marketplace
UCLanAerialCampus.jpg.jpg
LBV Hub Networking
21 Nov 2024 - 21 Nov 2024

SPARK The Apprenticeship Marketplace

University of Central Lancashire, Preston, PR1 2HE

09:30 - 13:00

Emergency First Aid at Work
Chamber Logo1.png.png
LBV Hub Seminars
21 Nov 2024

Emergency First Aid at Work

FGH Training, 3rd Floor, Storey House, White Cross Business Park, Lancaster, LA1 4XQ

09:00 - 05:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV118 Online Graphic
Subscribe now

Weekly news bulletin