CTS secures funding to accelerate growth plans

A North Yorkshire supply chain business is set to expand rapidly.

Northallerton-based Corporate Trade Supplies (CTS) has secured a £4 million funding package from HSBC UK to support its ambitious growth plans. 

The business supplies GNFR products, including packaging, consumables, workwear and PPE, and uses technology and smart automation to meet customer requirements.

Founded in 2020, the company has grown quickly, creating 70 new jobs across its three sites and forecasting revenue of £45 million by December 2025, representing a 300 per cent increase year-on-year.

Bosses say the funding has enabled CTS to pursue acquisitions, develop its technology and deliver a major new contract in workwear and packaging that leverages its offshore purchasing expertise. 

Backed by entrepreneur AJ Swinbank and an experienced management team, CTS has also enhanced its operational platform, supporting clients with warehousing, stock control, re-ordering and delivery, with plans to expand into Europe by mid-2026.

With plans to expand into Europe by mid-2026, the business is positioning itself for sustained, technology-led growth.

Howard Gill, managing director at CTS, said: “Our partnership with HSBC UK has been instrumental in supporting our business growth journey over the last five years. 

“The latest funding round is supporting us in delivering major contracts, completing multiple acquisitions, and expanding our footprint significantly. 

“The confidence and flexibility the bank provides give us the foundation to continue scaling at pace, both in the UK and across Europe.”

Stuart McLaren, relationship director at HSBC UK, added: “HSBC UK has worked alongside CTS since the very beginning of its journey, and it’s been fantastic to see how the business has evolved over the past five years. 

“We’re proud to have supported the team throughout its growth and to continue providing the financial backing that enables them to drive forward.”

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