Name:Lanchester Wine Cellars Industry/sector: Food and drink Date founded: 1980 The boss: Tony Cleary Location: North East Latest turnover: ?28.9m Three-year compound growth rate (%): 37.26 Latest EBITDA: ?1.1m
The firm has grown to be one of the largest wine bottlers in Europe, operating five lines at its factory. Its rapid growth has resulted in the business being recognised two years running in the London Stock Exchange book “1,000 Companies to Inspire Britain“. The group comprises of Lanchester Wines, Lanchester Wine Sales, Lanchester Gifts, Lanchester Energy and newly-launched pet gift brand Best In Show, but the latest expansion follows fast growth at its Greencroft Bottling business. The family-run drinks and gifts group based in County Durham is investing ?6.5m to boost its storage capacity to cope with demand. This will bring its total storage close to one million sq ft ? new space the firm said would give it the largest bonded warehouse capacity in the north. This will create between 20 and 25 new jobs. Other new facilities include a 135,000 sq ft facility in Felling, another 100,000 sq ft at Blaydon, as well as its original 450,000 sq ft at Annfield Plain, making a total of more than 900,000 sq ft. As part of the expansion, Lanchester, which employs 350 people, is spending a further ?1.5m at its Annfield Plain headquarters site to improve roads and parking on and around the site. A third of that investment will go on LED lighting for the site, contributing to the group?s ?carbon negative? status. It has also invested in a fleet of 20 new gas-powered Toyota Tonero forklift trucks to service the new facilities. Managing director Tony Cleary said: ?Buying these new major facilities has been extremely important for the group to ensure we are able to maintain our recent growth.”
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