Resurgent business poised for growth
AN East Anglia-based park home manufacturer which was rescued from administration last year has struck a new banking deal to fund future expansion.
Omar Park Homes is being supported in its growth plans, including an overseas sales drive, by HSBC.
The business, the largest employer in Brandon with a staff of around 150 building park homes, lodges and leisure homes, was established in 1965 and is one of Britain’s biggest manufacturers in the sector.
It has been exporting to Norway for around 18 months and is now looking at further export opportunities in Europe, currently working on potential orders in Spain and France.
Omar Park Homes Ltd was formed in April 2009 to acquire the intellectual property rights, trade marks and assets of Omar Homes Ltd which had gone into administration the previous month. The new enterprise was led by chairman Paul Pleszco, together with some of the previous management team.
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Dean Westmoreland joined the team as chief executive in January this year, taking control of the group in March. He said yesterday: “The company was resurrected over 18 months ago and we are experiencing fantastic growth, capitalising on opportunities presented both here in the UK and overseas. We have an exciting future ahead and are delighted that HSBC will be supporting us in the months and years to come.
“The bank’s enthusiasm and commitment to our business is compelling, and we are really pleased to have a partner that can support and advise us when it comes to our ambitious international expansion plans.”
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Ian Urquhart, HSBC’s regional commercial director, said: “Many businesses have faced challenges through the recent economic climate and it is really pleasing to see an established brand like Omar Park Homes reinvent itself and achieve substantial growth in a short period.
“The company is a significant local employer, and it is clear that the expertise and tireless efforts of all its employees, from the management team to those designing, manufacturing and distributing the products, are what has helped this company recover and succeed.
“We’re really excited to be working with this tenacious and vibrant business.”