Notts firm to create five jobs after £1.4m investment
Joseph Merritt Group, the Kirkby in Ashfield firm which specialises in the lifting, removal, transportation, installation, and storage of heavy machinery and equipment, has said it set to create at least five new jobs after a £1.4m investment.
The company has already invested in four new Scania S500 tractor units and will shortly take delivery of four new customised Mercedes Benz Sprinter vans and four new Hyster fork lift trucks. A new £100,000 Nooteboom flatbed trailer is also on order for delivery in January 2019.
In addition, Merritts has added to its fleet of Versa-Lift trucks following the £300,000 investment in a further 60/80 truck.
In total, Merritts will have invested £1.2m in vehicles by the end of 2018. The remainder of the investment has equipped the new vehicles with bespoke toolboxes and lifting tackle, which includes specialist jacks, skates, chains and slings.
James Merritt, director, said, “We have ambitious plans for expansion over the next five years. We are investing in the equipment and people we will need to meet the growing demand for machinery movement services in the UK, Europe and beyond. It will also enable us to continue working for manufacturers who are moving factories or need to re-locate machinery within their existing premises.”
Funding for the investment was provided by Santander.
Joseph Merritt Group currently has a turnover of £6m and employs a team of 45. As part of its expansion plan, the company intends to increase revenue to £10m, create at least five new jobs and seek to attract more global machine moving projects on behalf of manufacturers selling new machinery to UK-based companies.
