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ESL choose Barclays to fuel growth plans

ESL Fuels is a blender and supplier that specialises in the manufacture of innovative fuel products. They provide a full range of fuels developed specifically for the road, heating, heavy duty haulage and marine markets. ESL works closely with their main trading partner; Certas Energy, who supply approximately 7 billion litres of product a year.

ESL Fuels’ main hub is based at Stanlow in Cheshire, having purchased and upgraded the former BP Castrol site in 2012 - they also supply depots nationwide. Employing approximately 30 people, the firm has experienced strong growth in recent years growing from £43 million of turnover in 2010/2011 to £72 million in 2012/2013.

The enhanced facility was arranged by the North West Corporate Banking team at Barclays involving Paul Devenport, Relationship Director and Neil Dobson, Trade and Working Capital Director.

ESL Finance Manager, Andrew Bell, said: “Here at ESL we look for greener, innovative ways of providing fuels. This philosophy of innovative thinking applies to all areas of our business, including the way in which we finance the company. The structured working capital solution that Barclays has provided is a flexible way of meeting the demands of our growing business. As we grow, our finance grows and adapts to help us achieve our aspirations. ESL has grown significantly over the last few years. We have developed a strong relationship with Barclays as we want a bank for the long-term that supports our aims and ambitions with a relationship team who understand our business and we have worked together to achieve this. The team at Barclays shares our massive enthusiasm and is keen to support our future growth plans.”

Neil Dobson, Trade and Working Capital Director at Barclays said: "ESL is a well-run, growing North West business and following its recent relocation, the company is ideally positioned to continue on its growth track over the coming years. We have built a strong relationship with the ESL management team so that we understand the key drivers for the business which, in turn, has enabled us to deliver a structured working capital solution that fully satisfies ESL’s ongoing requirements.”