Yorkshire haulier drives expansion with six-figure HSBC UK funding

A Bradford-based national haulier is set for growth after securing support from HSBC UK.

R McDowell Haulage & Distribution Ltd has expanded its fleet with a six-figure funding package from the bank.

Founded in 1976, R McDowell Haulage & Distribution Ltd has over 100,000 sq. ft. of high security warehouse space across multiple sites in Keighley as well as over 100 vehicles.

The business has used the funding to acquire four Euro VI compliant Mercedes Actros 510, adding to its 104-strong fleet.

Geoffrey Hirst, director at McDowell, commented: “Demand for our services was certainly impacted by the pandemic. We had to use the furlough job retention scheme to protect jobs whilst customer orders were reduced and worked with HSBC UK to secure support through the lockdown.

“We’re optimistic about the future of the sector. Our full team is now back at work and despite being in the midst of uncertain times, we are really pleased to have just secured funding from HSBC UK to purchase four new vehicles and expand our articulated vehicle fleet.

“These new vehicles will enable us to improve our fleet in response to customer demand and provide a comfortable experience to our drivers, which is paramount to us.”

Anthony Wild, corporate relationship director of North & West Yorkshire for HSBC UK, added: “Hauliers across the UK have acted as unsung heroes throughout the Covid-19 pandemic, ensuring that supply chains remain uninterrupted whilst simultaneously dealing with issues of their own.

“We’re delighted to support McDowell throughout this period, with the investment into an expanded fleet showing the clear ambition of the business.”

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