Driving specialist sees turnover go up a gear
An Immingham based LGV training specialist has seen turnover rise from £30,000 to £200,000 over the past two years.
JM Trucking called on support from Finance For Enterprise to help the business purchase its first dedicated training vehicles, after seeing demand for its services boom after securing a number of contracts with hauliers based throughout the region.
The funds have enabled director Jamie Wright to purchase an 18 tonne rigid body truck as well as a 44 tonne articulated vehicle.
Since the beginning of the year, JM Trucking has helped more than 2,500 drivers to complete their mandatory CPC training, as well as helping more than 55 drivers to pass their category C and C+E driving qualifications over the past twelve months.
Jamie Wright, founder, JM Trucking, said: “Since securing support from Finance For Enterprise, the business has grown beyond my wildest dreams and we are on course to enjoy a record year and I knew that developing my own fleet of training vehicles would be central to the company’s future growth plans.
“I began my business back in 2013 because I realised the haulage industry is changing. An ageing workforce, coupled with more stringent regulations has seen a growing shortage of drivers and drawing on my skills and experience, I felt I’d spotted a golden opportunity.
“The two trucks I chose are the ones typically used by hauliers throughout the UK and I felt investing in the vehicles would help to equip learners with the vital skills to be able to drive safely.
“Until the beginning of this year, I was reliant upon leasing vehicles to provide training, which meant that the business was very much dependent on word of mouth within the haulage industry to generate new business. Since we purchased our own vehicles, with the help provided by Finance For Enterprise, we’ve seen the number of enquiries increase dramatically, because the business is much more visible and the success we’ve achieved has given me the confidence to continue developing the business further.”
Jane Cusse, Investment Manager, Finance For Enterprise said: “The support we provided for JM Trucking has helped the business to enjoy a significant period of growth. When I first met Jamie, it was clear that he had big plans for his family business and I spent time working with him to put his ideas down on paper.
“Those ideas were developed into a business plan, allowing us to understand why the loan was needed and what it would be used for and we were able to fund his application. As a result, we provided lending to JM Trucking at a time when he was unable to secure a business loan from a bank. As a direct result, the business is on course to enjoy a record year of growth, whilst laying the foundations for continued future expansion.”
