Transport and logistics firm invests seven-figure sum in new premises
A transport and logistics firm in Corby has invested in new warehousing space, with support from Lloyds Bank.
Sanderson Transport used a seven-figure funding package to purchase a 5.5-acre site next to one of its existing properties, which will provide an additional 55,000 sq ft of warehouse space, as well as increasing the office footprint for its logistics operations.
It will increase the firm’s warehousing capacity by up to 50%, and enable it to expand its growing e-commerce fulfilment services, which has grown in popularity since the coronavirus pandemic.
The firm provides transport and logistics solutions for a variety of customers, ranging from industrial goods to retail, with a fleet of more than 80 vehicles. It employs more than 140 people across its sites in Corby and Market Harborough.
Ed Sanderson, commercial director at Sanderson Transport, said: “We’ve increased the size of our operations significantly over the past five years or so. Acquiring the new site will give us even more room for growth and the chance to diversify what we do even further.
“Lloyds Bank has been our banking partner since the business was founded in 1973 and has remained by our side throughout our whole journey. They took all of the hassle out of this deal and gave us all the guidance we needed, and we’re looking forward to continuing our relationship with them.”
Belinda Smith, relationship manager at Lloyds Bank, said: “Sanderson Transport has enjoyed impressive growth in recent years and we’re pleased to see the team build on this success with the acquisition of its new site.
“We will continue to support them as they move forward, and will be working with other businesses across the area to help them on their own growth journeys.”