Tailor made asset lending for haulage distribution business

Finance solutions to support family run business

Customer: TT Express (Oldham) Ltd

Industry: Haulage distribution

About TT Express (Oldham) Ltd

Winner of the prestigious Tesco Haulier of the Year 2015 award, TT Express Ltd (TTX) is a family run business specialising in haulage distribution of commercial goods across the UK. To manage customer requirements, TTX operates a sizeable fleet of trucks and trailers and are constantly expanding.

Business Challenge

Close Brothers was selected as TTX’s funding partner due to its depth of experience and understanding of the distribution industry. The company required funding for 25 curtain side trailers with a total value exceeding €100,000. This was successfully raised through a tailored finance package which would help TTX manage their business expenses more efficiently.

Since TTX’s introduction to Close Brothers, a combination of Hire Purchase and Finance Lease agreements have been written for a mix of trailer and vehicle assets.

Solution

The finance solutions Close Brothers was able to offer has enabled company owner, David Taylor, to drive forward his vision for growth and allowed the business to expand through purchasing more trailers to meet client demand.

To find out how we can help, call today on: 01 871 1060