Leeds’ EuroTrail secures six figure funding deal to support expansion plan

EuroTrail has secured a six figure funding deal with Allied Irish Bank (GB) to support investment in the Morley-based business with the expansion of its fleet of trailers and cranes.

Based in Leeds, EuroTrail is a family run business in the commercial vehicle rental, finance and asset management markets.

The financial package provided by Allied Irish Bank (GB) has helped the business purchase 12 new Dennison trailers, Atlas cranes fitted with B&B Attachments Floor Beam Grabs which will be used by its logistic drivers to deliver concrete materials for use across the UK.

Established by managing director Alan Steers in 1997, EuroTrail has expanded into a nationally recognised supplier of heavy-duty commercial vehicles and specialist equipment to a broad spectrum of industries.

Alan manages the business along with his two sons Adam Steers, sales director and Mathew Steers, rental director. EuroTrail currently employs 17 people and has a turnover of £6m.

Adam Steers, sales director at EuroTrail, explained: “The expansion of our fleet of trailers and cranes is important because as well as adding extra capacity, it also ensures we have the most up to date vehicles and conform to health and safety requirements.

“It is a significant part of our continued growth strategy as we look to expand our customer base and offer the highest level of service and support to our customers.

“Last year the company recorded a turnover of £6m and we are focused on growing the business further and this funding allows us to invest in the future of our business. We have been very happy with support from the team at Allied Irish Bank (GB).”

Matthew Fannon, relationship manager at Allied Irish Bank (GB), added: “EuroTrail is a great local success story and we are delighted to assist them with their expansion plans.

“Over the years they have increased their range of services to become a leading supplier of Commercial Vehicle Contract Hire and short-term Rental that specialises in the supply, funding and management of transport solutions. The addition of the new trailers and cranes will have a significant contribution to the company and enhance their logistics capability.”