Supporting a three-generation family farm
Discover how J P Tunstill & Son – a livestock and contracting partnership in North Yorkshire – benefited from our tailored finance solutions, enabling them to replace ageing machinery and take on a greater workload
Customer background
J P Tunstill & Son is a family-run 100-acre farm based in Wensleydale, North Yorkshire, with origins stretching back to the early 1900s. The partnership is jointly owned by John Tunstill (second generation) and his son Ian Tunstill (third generation). Their work focuses primarily on livestock breeding alongside some private contracting work.
Enabling essential machinery upgrade
A combination of contracting and the desire to take on more work made it clear they needed to upgrade their ageing tractor. After working closely with Justin Mumby, Relationship Manager at Close Brothers Asset Finance, a Hire Purchase agreement was created that matched the business’s needs, resulting in the purchase of a New Holland T5.120.
Not only will the new machine boost operational efficiency, but it will mean they can secure more work.
By facilitating the replacement of an essential asset - without placing strain on cashflow - Close Brothers Asset Finance has helped solidify the business’s future.
Overall outcome
The investment supports both day‑to‑day efficiency and long‑term sustainability, helping the family farm continue its growth and preserving its legacy for future generations. This is just one of the many examples of Close Brothers Asset finance delivering on their goal of supporting the farming industry in the UK.
Justin Mumby, Relationship Manager at Close Brothers Asset Finance, said: “Working with John and Ian has been a pleasure. Deals like this help to show the true impact that Close Brothers Asset Finance can have, especially within the farming community.”
John Tunstill, Co-Owner, said: “Upgrading our tractor has been a crucial task for us, and with the help of Close Brothers Asset Finance, the process felt very straightforward. Their understanding of our needs and tailored financial solution meant that we could upgrade without putting the farm under pressure and still take on more work. I could not be happier with their support and look forward to continuing our partnership.”
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