A Leicester-based family manufacturing business is accelerating its global growth following a six-figure funding package from Lloyds.
DMMP Limited, a subsidiary of the fourth-generation, family-owned George A. Palmer Group, designs and distributes high-precision fertiliser spreaders for the amenity and landscape sectors. Originally established as a UK wholesaler in 2009, the company pivoted to manufacturing its own products in 2023 in response to rising international demand.
To support the next stage of its expansion, Lloyds provided a £400,000 funding package to enable operations through DMMP’s new Indian manufacturing arm, Indian Small Tool Equipment Company (ISTEC).
Located near Pune in Western India, the site now employs more than 40 staff and has capacity to produce a container’s worth of spreaders daily for export worldwide. The US is also emerging as a key growth market, driven by the country’s expansive landscaping, golf and sports turf sectors. The company is also building out its presence across Asia, targeting emerging markets such as India, Vietnam and the Middle East.
Since establishing the Indian facility in early 2024, DMMP has seen its turnover triple – driven by increased production capacity, shorter lead times, and the ability to fulfil larger export volumes. Looking ahead, DMMP Limited is forecasting further growth with the potential to double turnover again over the next 24 months. To support this, the company is investing in new metalworking machinery to bring more of the manufacturing process in-house and further improve quality control.
Marcus Palmer, director at DMMP Limited, said: “Our international expansion has been the most ambitious and rewarding phase in our company’s near 100-year journey. Lloyds understood the complexity of what we were trying to do and structured a financial solution that bridged borders and timelines. Their support has helped us stay ahead of soaring demand, particularly in North America and India, while retaining the quality and precision our customers expect.”
Claire Carr, relationship manager at Lloyds, said: “DMMP is a fantastic example of a business that has responded to supply chain challenges with innovation and bold thinking. Their shift from importer to international manufacturer demonstrates what’s possible with the right leadership and support. We’re proud to have helped facilitate this next chapter in their global expansion.”
