Finance Wales backs laundry expansion

Afonwen Laundry, which has two sites in Wales and a sister company in Leeds, has received funding of £1 million from Finance Wales.


Afonwen Laundry, which has two sites in Wales and a sister company in Leeds, has received funding of £1 million from Finance Wales.

Afonwen Laundry, which has two sites in Wales and a sister company in Leeds, has received funding of £1 million from Finance Wales, an arm of the Welsh Assembly Government.

The debt funding will enable 74-year-old Afonwen to embark on a marketing drive to grow its 500-strong client base, which includes hotels throughout Wales and England.

The company has invested £11 million in its business since 1999, including money secured from the Welsh Assembly Government. This has allowed it to open a new facility in Cardiff in June last year and introduce a “premium linen service”, using Egyptian cotton, to some clients.

Mark Woolfenden, MD at Afonwen, says, ‘We now have a large client base throughout Wales, the North of England, Midlands, South West England and across the M4 corridor to London, [and] we are building on this.’

Nick Britton

Lexus Ernser

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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