Lombard Supports Growth at North West Logistics
Heywood, 4th February 2008: Heywood-based haulage specialists North West Logistics have invested £600,000 in a fleet of new and larger trucks to help cope with increased demand from clients across the UK.
The company have purchased eight new Mercedes Actros trucks worth £75,000 each after securing funding from Lombard, the asset finance arm of The Royal Bank of Scotland ("RBS"). The 26-tonne vehicles replace the company's fleet of smaller 15-tonne Renault trucks, enabling them to transport larger loads.
The move to purchase a lager fleet of trucks has been prompted by a 30% increase in sales during the last financial year, which has seen the company's turnover increase to £3.4m. North West Logistics was established in 2002 and specialise in the haulage, warehouse and distribution of bulk and packaged chemicals.
The company operates from a 30,000 sq ft warehouse and distribution centre on Birch Industrial Park in Heywood and employ 35 people. North West Logistics' clients include many blue chip chemical companies such as Akzo Nobel, Akros Chemicals, The Vita Group and HB Fuller Europe.
Tony Noonan, Managing Director of North West Logistics, said:
"We have grown significantly during the last few years and to ensure that we continued to meet the demand from our clients it made sense to
invest in a larger fleet of trucks. The new Mercedes vehicles will allow us to transport larger loads and are a key part of our future expansion plans."
Lisa Kershaw, Relationship Manager at Lombard, said:
"North West Logistics is a company which has made great progress in a short space of time. The increased haulage capacity of these vehicles should
strengthen their position in the market and hopefully help attract new business."
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For more information, please contact:
Mark Lester
Media Manager, The Royal Bank of Scotland
Tel: + 44 (0) 7917 598 585
Email: mark.lester@rbs.co.uk
Notes to Editor:
The Royal Bank of Scotland Group ("RBS Group") is one of the world's leading financial services companies. For the past four years RBS has consistently ranked in the top 10 global banks. In 2005, RBS Group posted total income of £25.6 billion and operating profit before tax, goodwill amortisation and integration costs of £8.2 billion. Cost: income ratio, a key measure of efficiency, was 41.8 per cent and total assets at 31 December 2005 stood at £776.8 billion. RBS Group operates in Europe, the US and Asia Pacific serving more than 36 million customers world-wide and employing more than 140,000 people. In addition to the provision of a full range of banking services under The Royal Bank of Scotland and NatWest brands, RBS Group also includes Citizens Financial Group, Ulster Bank, Coutts Group, Direct Line and Churchill.
