OWNERSHIP of a power-tool business established more than 40 years ago in York has this year passed on to the grandchildren of the founding director.

Elcocks Limited, in Fulford, is now in the hands of the third generation of the Elcock family with brother and sister duo Andrew Elcock and Claire Bedford taking over the reins.

The business, which specialises in the sale and hire of power tools, hand tools, accessories and personal protective equipment and clothing, was founded in 1971 by Claude Elcock, and is now in the running for the Family Business of the Year award in this year's Press Business Awards.

Since it was launched, the company, which has its York headquarters in Hospital Fields Road, has grown and opened premises in both Goole and Driffield.

The business was successfully transferred to the second generation, managed by Andrew Elcock and his brother, Ivan.

Over time, Ivan’s children Andrew and Claire were brought into the company with specific roles, with the shareholders recently believing it was the appropriate time to “pass the baton on to the next generation”.

Outgoing managing director Andrew Elcock said: “Both Andrew and Claire have shown us that they have the capability and loyalty to take the company forward and develop Elcocks as a third-generation family business.

“I therefore feel that the time is right for me to step down from the company knowing that it remains in good hands.”

From March 30, both Claire and Andrew became shareholders and directors of the company.

The move coincided with Andrew Elcock senior leaving his position as the managing director to explore other avenues and also transferring his shares onward to the next generation.

Mrs Bedford said: "As a family business we are looking to invest and extend our hire fleet as well as open up a click and collect service for our customers so that we can cater for there needs even more than what we have done in the past.

"We look after all customers for trade and DIY services and aim to offer customers the full knowledge and time that we would expect to receive."

Elcocks is now set to invest in its digital capability and online sales channel, as well as expand its product range, after receiving a £500,000 funding package.

The funding from Santander Corporate & Commercial will allow Elcocks to expand its hire fleet with the addition of the latest machines including new Hitachi power saws, sweepers and steam cleaners.

The funding will also allow for more staff training to ensure all employees can answer any customer queries related to the goods sold.