Pacific European Timber Agency

Steven Molyneux
Investment Executive

“I’m excited for the next stage of growth for PETAL as we focus on increasing profits and enhancing our reputation for delivering high quality timber products.”

Ian Thomson, Managing Director, PETAL

Preston-based Pacific European Timber Agency Ltd (PETAL) were able to relocate to a new premise and created new jobs thanks to investment from NPIF – FW Capital Debt Finance.

PETAL moved to new offices on Ribbleton Lane in Preston, following a period of strong growth and were able to create two new roles in office administration and finance. 

Formed in 1986, PETAL are a global timber trading business sourcing hardwoods from countries such as Indonesia and Malaysia, which are then sold to UK Timber merchants and importers.

PETAL is also a leading trader in North & South American, Canadian, European, and African hardwoods and softwoods.

The first NPIF investment phase has now completed with the British Business Bank launching the Northern Powerhouse Investment Fund II in March 2024.