Logistics firm set to create 60 jobs in Derby

Logistics provider Ascott Transport Limited (ATL) is expanding its operations in Derby thanks to an eight-figure funding package from HSBC UK which will create 60 jobs.

The distribution business will use the funding to build a 130,000 sq ft warehouse at its Foston Park site, bringing its total space to 420,000 sq ft.

Ascott Transport started as a family-run logistics service provider and is now a £32m logistics business with 320 employees.

Pete Ascott, director at Ascott Transport, said: “The funding from HSBC UK has provided us with a great opportunity to invest in our current site and has driven our appetite to be more ambitious with our growth aspirations. Our relationship team has been fantastic, and the entire lending process has been extremely engaging.

“The funding has allowed us to double our working capital, which has enabled us to service an increase in contract opportunities at Foston and also acquire additional warehousing space in Alfreton in recent months.”

Simon Woods, relationship director at HSBC UK, added: “We are proud to support ATL in its expansion plans. The business has a strong track record of providing excellent service to its clients, and this funding will enable it to further enhance its operations. We are also pleased to see ATL’s commitment to sustainability, and we look forward to seeing the new warehouse take shape.”