One of the North West’s leading haulage companies is driving forward with a move to new premises after securing £1.7m of support from Yorkshire Bank.
Founded in 1933, Edge Transport is a third generation family business operating a fleet of more than 35 vehicles. The company, which moved to Yorkshire Bank in July 2014 after securing a significant working capital facility, specialises in providing quality pallet delivery, distribution, and warehousing solutions to its customer base of more than 300 clients.
This latest deal, which was delivered by Mike Scott, relationship manager at the Bank’s Business and Private Banking Centre in Merseyside, will help facilitate a move from its existing premises in Llay near Wrexham to a new purpose-built facility in Deeside Industrial Estate, North West of Chester, in May 2015.
The new premises more than doubles the available space from 2.5 acres to 6 acres and includes a new transhipment building, office building and large purpose-built warehouse facility. The southern part of the site also has planning permission for a further warehousing facility to meet future demand.
Jonathan Edge, Managing Director of Edge Transport, said: “We’ve been at our existing site since 1989 and have more than reached capacity. This move is a huge step change for the company. It moves us from a small regional haulage business to a major player in the sector.
“By relocating to new premises we will increase our capacity without compromising the quality of our service. This will enable us to target new clients, increase the workforce, and drive growth.
“Mike Scott has been incredibly supportive of our plans throughout the process. It’s important for us to be able to work alongside someone who has confidence in our growth ambitions and Mike believes in the brand and the model.”
Edge Transport currently employs around 50 full time staff. This includes six newly qualified drivers and apprentices; with ongoing discussions with West Cheshire College about expanding its apprenticeship scheme. Edge Transport has also undertaken to source suppliers from the local region where possible for the new site.
Turnover was £5.1m in the last financial year and the company aims to increase its workforce and turnover significantly in the next five years. Edge Transport also purchased six new Volvos - six FM-450 6x2 tractor units and three FL-250 18-tonne GVW 4x2 rigids – from Thomas Hardie Commercials at Deeside earlier this year.
Stewart Cook, Head of Yorkshire Bank’s Merseyside Business and Private Banking Centre, said: “We are delighted to support Edge Transport with one of our recently launched lending initiatives and are confident that the move to Deeside Industrial Estate will give Jonathan and his team a strong foundation to build on its continued success.”