Brids secures bank funding
Mon, 6th October 2014

Brids secures bank funding

Haulage company Brids has purchased land to develop new premises and support its growing fleet of lorries after securing funding from NatWest and the bank's asset finance partner Lombard.

The land, located in the Chesterfield area, will also house Brids' head office, depot and stockholding yard.

The company, which specialises in haulage for the construction industry, was founded by Wayne Briddon who bought his first lorry in 1994 after being made redundant.

Brids now a fleet of 25 trucks and employs the same number of staff.

Briddon said: "The business has had its ups and downs but it is growing at the moment which is great. I am hoping to double our fleet size and expand our services to meet the needs of our loyal customers over the next couple of years."

With his fleet expanding rapidly and his need for space increasing, Briddon turned to NatWest relationship manager Aaron Carter for support.

The loan obtained by the business helped to fund the purchase and development of the new commercial premises, and Lombard provided funding for the new vehicles.

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category National  |  source Insider Media