Bank backs textile company’s bid for new machinery

Laxtons Specialist Yarns managing director James Laxton, left, with Yorkshire Bank business partner Andrew Cook alongside the new yarn production machine.

Laxtons Specialist Yarns managing director James Laxton, left, with Yorkshire Bank business partner Andrew Cook alongside the new yarn production machine.

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A WOOL spinning business in Guiseley has bought a bespoke specialist yarn production machine to boost its production.

Laxtons Specialist Yarns’ new machine is only the second in the UK – with the firm owning the other one as well.

This acquisition follows the company’s investment in two other spinning machines, taking its total to 15.

The £1m investment has been backed by Yorkshire Bank’s West Yorkshire Financial Solutions Centre in Bradford.

Laxtons Specialist Yarns managing director, James Laxton, said: “Since launching the commercial wool worsted manufacturing facility in 2010 we have increased turnover by 30 per cent and have created several new jobs as well as safeguarding existing ones.”

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