Surrey-based Ashtead Park Garden Centre and Café is set to start its third and final phase of development, following nearly £1.7 million of financing from HSBC. This latest phase will allow the green-fingered business to extend its centre and welcome more visitors than ever before.
Completion of phases one and two has seen the family-run business triple the size of its award-winning café, adding 300 extra seats for visitors, as well as renovate and extend its main shop floor. The third phase, funded by HSBC with a loan facility worth £1.6 million and an £80,000 overdraft, will further expand the centre’s sales space and add an additional storage space of 3,700sqft in total.
The Pleasure Pit Road-based business has banked with HSBC for four years and has been growing steadily since 1992, when it was purchased by owner John Dipre. With a floor space of 10,000sqft and over 40 employees, the developments have seen Ashtead Garden Centre become a major local employer, boasting a turnover of almost £1.8 million each year – an increase of £1.5 million since it was first purchased.
Cora McLaren, regional director for Business Banking in the South and East Region, said: “This is a business that is loved by the local community. It has won awards for its exceptional food and is renowned for its outstanding customer service. The last two phases of its development have led to an immediate increase in turnover, which has been growing steadily ever since and I have no doubt that it will continue to thrive following the next stage of its development.
“HSBC has committed £8 billion to lend to SMEs in the UK and Ashtead Garden Centre is a great example of how this national fund is supporting local businesses to achieve their evolving ambitions.”
Ashtead Garden Centre owner John Dipre commented: “The site has come a long way since we first purchased it in 1992. It has been transformed from a run-down nursery to a beautiful garden centre for us and local people to take real pride in. HSBC’s support has ensured that we can continue to meet growing demand from the local community and continue our plans for expansion.”