Haulage firm expands fleet with six-figure finance package from Lloyds Bank
A Midlands haulage company has invested in a new fleet of cars right after securing a 6-determine finance deal from Lloyds Bank.
Tamworth-headquartered Lloyds Transportation and Warehousing has utilised the £526,000 seek the services of acquire facility to buy 20 new trailers, that means the organization now operates a 120-robust fleet.
The new automobiles will considerably maximize the firm’s capabilities to transport big portions of products.
Nicola Gallagher, finance director at Lloyds Transportation and Warehousing, reported: “The pandemic accelerated consumer need in some of our main consumer industries like meals and consume and pet merchandise, and this has experienced a favourable knock-on to demand for our haulage solutions.
“As we go on to improve, it truly is essential that we keep on to enhance and develop our fleet and this investment marks the most recent phase in this commitment.”
Recognized in 2005, Lloyds Transportation and Warehousing specialises in the transportation of a extensive variety of items across the British isles. Its purchaser base features some of the UK’s major names in the food items and drink, pet products and solutions and white merchandise industries.
The enterprise employs 116 men and women and operates from an 85,000 sq ft warehouse on Relay Park in Tamworth.
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The hottest funding follows a £900,000 CBILS financial loan from Lloyds for the duration of the coronavirus outbreak.
Vijay Chouhan, partnership manager at Lloyds Financial institution Business Banking, stated: “There has been a surge in desire for reliable Uk-large haulage solutions lately, indicating businesses like Lloyds Transportation and Warehousing are flourishing. This expansion to its car or truck fleet provides the company a great deal-necessary additional capacity to aid regulate this upshift as much more businesses glance for speedy and productive transportation solutions.”
Julie Cranmer, associate director of asset finance at Lloyds Financial institution extra: “It is so encouraging to see Lloyds Transportation and Warehousing embracing the upcoming action in its growth journey and we hope that the new fleet of automobiles will aid to assist the ongoing supply of the firm’s fantastic services.
“We will continue to be by the facet of the business as it looks to construct out its expansion ambitions in the long run, as element of our determination to assist Britain prosper.”