Leeds haulage firm extends invoice finance facility from Aldermore Magazine

Davies Haulage, a road haulage company within 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 that can help the company within the beginning. Less than a year later, Davies Haulage has extended this by half a dozen times the original amount to 100,000, so as to accommodate further progress of the business enterprise as well as client base when you purchase two additional trucks due to its variety of freight transport vehicles.

The company has hired two more drivers for you to fulfil the growing demands because of their services.

In the final Year, Davies Haulage has grown its customer base from 13 to 16 customers and started out smaller, local companies to larger, national companies, including Royal Mail.

Michael Davies, Director of Davies Haulage, said: “When Aldermore provided the primary invoice finance facility to business less than a year ago I had been very happy together with the good service as well as their quick turnaround. Now we have since grown our business and hired more drivers as a way to service our increasing clients. We see a thriving consideration in instant and then suddenly day delivery services plus the firm is in a position for future growth.”

Sally Danskin, Relationship Manager, Invoice Finance, Aldermore, added: “Cash flow is a type of issue in the haulage sector and it’s also great to check out just how the recent finance facility we provided has helped Davies Haulage to win new business and undertake more staff mainly because they were able to purchase two more vehicles to elevate their fleet and repair their clientele. Davies Haulage is a thriving business for Aldermore to compliment with real growth potential.”