Family business re-charges after challenging year
Adderstone Services, founded 45 years ago, is a petrol station and retail shop on the A1 and in 1993, it developed Purdy Lodge – a hotel, restaurant, pub and café – on nearby land.
It also introduced Adderstone Holiday Park, a tourist destination attracting visitors from across the UK.
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Hide AdWhen the pandemic struck, the number of visitors to Purdy Lodge and the holiday park dropped overnight. Demand for what is provided at Adderstone Services also decreased as lockdown affected the number of people travelling.
Despite the disruption, the family business fulfilled its own green ambitions by installing a Tesla vehicle charging station at Adderstone Services – a first for the East coast between England and Scotland.
It features six superchargers for Tesla vehicles and has already been used by more than 1,000 drivers.
To offset the sudden decrease to its income from its tourism arms, the business secured a £300,000 funding package from Lloyds Bank – this included a Coronavirus Business Interruption Loan, a Bounce Back Loan and regular bank funding.
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Hide AdThe support helped the firm pay its overheads while Purdy Lodge remained open for key workers that needed accommodation when travelling via the A1.
The business also continued to progress with expansion plans of its holiday park by adding 25 new caravan spaces to the current 28-space site. The new site has now opened its doors and welcomed its first visitors.
John Davidson, managing director of Adderstone Services, said: “Since 1976, the family has worked hard to grow Adderstone Services and Purdy Lodge, but we really struggled as lockdown restrictions affected travel.
“The support from Lloyds Bank gave us the stability to manage the challenges of the pandemic and keep our operations running to support key workers and our local community.
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Hide Ad“As life begins to return to normality, we’re moving closer to normal trading levels and we’re excited to see more people making use of our new electric charging station.
“We’re also really excited to welcome holidaymakers back to the holiday park and enjoy the new expanded site.”