CCR Magazine

Subscribe Here
You are here  :Home arrow News arrow More drivers and vehicles for Davies Haulage Ltd supported by financing from Aldermore
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
More drivers and vehicles for Davies Haulage Ltd supported by financing from Aldermore PDF Print E-mail
Monday, 04 July 2016
Davies Haulage Ltd, a road haulage company based in Leeds, has extended its invoice finance facility from specialist lender and savings bank Aldermore.  

Launched in 2015, Davies Haulage initially agreed a £20,000 facility with Aldermore to help the business in its early days. Less than a year later, Davies Haulage has extended this by five times the original amount to £100,000, in order to accommodate further growth of the business and its customer base by purchasing two additional trucks for its fleet of freight transport vehicles.

The company has also hired two more drivers in order to fulfil the growing demands for their services.

In the last 12 months, Davies Haulage has grown its customer base from 13 to 16 customers and evolved from smaller, local companies to larger, national companies, including Royal Mail.

Michael Davies, Director of Davies Haulage, comments: “When Aldermore provided the first invoice finance facility to our business less than a year ago I was very happy with the good service and their quick turnaround. We have since grown our business and hired more drivers in order to service our increasing client base. We see a growing demand for same day and next day delivery services and the company is well placed for future growth.”

Sally Danskin, Relationship Manager, Invoice Finance, Aldermore said: “Cash flow is a common problem in the haulage sector and it’s great to see how the recent finance facility we provided has helped Davies Haulage to win new customers and take on more staff because they were able to purchase two more vehicles to increase their fleet and service their customers. Davies Haulage is a thriving business for Aldermore to support with real growth potential. We are looking forward to working with Michael over the coming years and hope to see his business continue to expand in the future.”
 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

CSA

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197