Haulage firm in Keighley expands operations with six-figure HSBC funding
Keighley-based R McDowell Haulage & Distribution Ltd is expanding its haulage fleet with support from HSBC UK.
With the backing of a six-figure funding package, McDowell has acquired two new 18-tonne Mercedes-Benz HGVs, compliant to the latest Euro VI European emissions legislation.
These additions to the fleet will allow the business to scaleup its capacity for freight and meet growing demand in a more ‘environmentally-friendly’ way. The new vehicles will also help the logistics firm to increase its presence in emerging UK markets.
Following the deal and fleet expansion, McDowell is expecting to increase turnover over the next 12 months.
Geoff Hirst, director of R McDowell Haulage & Distribution Ltd, said: “This investment in expanding the McDowell fleet signals the start of an exciting new chapter for the company.
“In recent years we have found ways to ensure the longevity of the business, whether it be installing satellite tracking of goods for customers or investing to upgrade our fleet to the latest emissions standard.
“We look forward to providing haulage solutions for companies throughout the UK for many years to come.”
Founded in 1976, R McDowell Haulage & Distribution Ltd is one the largest haulage businesses based in the North of England, with over 100 vehicles in its fleet and employing 150 staff across all operations.
The business has over 100,000 sq ft of warehouse space across many sites in Keighley.
Anthony Wild, relationship director for West & North Yorkshire, HSBC UK, added: “McDowell has an excellent reputation across the UK for providing a reliable service with an emphasis on fantastic customer care.
“Using a combination of expertise and resource, the business has developed an effective distribution network that can be trusted. We’re delighted to be supporting the business as it goes from strength-to-strength.”
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