Logistics provider expands and creates new jobs via eight-figure HSBC UK funding

Logistics provider Ascott Transport Limited (ATL) is expanding its operations thanks to an eight-figure funding package from HSBC UK.

The Derby based distribution business will use the funding to build a “state-of-the-art” 130,000 sq ft warehouse at its Foston Park site, bringing its total space to 420,000 sq ft.

The new warehouse will be equipped with the latest technology and built with a sustainability-first strategy, ensuring the property’s environmental impact is kept to a minimum.

To achieve this, the building will feature PV roof tiles that will improve its durability while integrating solar technology. The warehouse will also have thick walls to maintain temperatures, allowing it to achieve a Level A energy efficiency rating and an AO BREEAM accreditation.

ATL has an “impressive” roster of blue-chip companies and will use the funding to increase its storage capacity with room for 22,000 new pallet spaces. The company is a major employer in the region, with the expansion expected to create up to 60 new jobs in the local area.

Pete Ascott, director at Ascott Transport Limited, commented: “The funding from HSBC UK has provided us with a great opportunity to invest in our current site and has driven our appetite to be more ambitious with our growth aspirations. Our relationship team has been fantastic, and the entire lending process has been extremely engaging.

“The funding has allowed us to double our working capital, which has enabled us to service an increase in contract opportunities at Foston and also acquire additional warehousing space in Alfreton in recent months.”

Simon Woods, Relationship Director at HSBC UK, added: “The business has a strong track record of providing excellent service to its clients, and this funding will enable it to further enhance its operations. We are also pleased to see ATL’s commitment to sustainability, and we look forward to seeing the new warehouse take shape.”

Ascott Transport Limited started as a family-run logistics service provider and is now a £32m logistics business with 320 employees. The business offers bespoke warehouse solutions and operates a fully tracked fleet of around 80 vehicles and 180 trailers, 24 hours a day, 7 days a week.

By Matthew Neville – Senior Correspondent, Bdaily

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