Investment keeps firm moving
COMMERCIAL vehicle manufacturer W Trailer has received a £500,000 investment to help fulfil its order book.
The Keighley-based niche manufacturer designs and produces innovative trailers for commercial lorries enabling companies to improve the efficiency of their logistics.
W Trailer’s multi deck trailers allow more cargo to be carried in a single load which cuts transport costs for the operator and reduces carbon emissions – benefitting both the customer and the environment.
The funding – Partnership Investment Finance (PIF) Management – will be used as working capital to turn round orders worth more than £1m.
Management at the company have also invested £100,000 in a deal that secures 55 jobs at the firm.
Graeme Wilson, managing director of W Trailer, said: “We have order books of more than £1m and this capital injection will improve our ability to turn those orders round and maintain the quality of our products. The Wilson Family has been in the industry for 25 years and this investment will help keep us at the forefront of design and innovation in a competitive environment.
“Partnership Investment Finance came up trumps when we were looking at investment. It’s not all about the money. We’ve developed a strong team and adding the skills and expertise which PIF has is just the icing on the cake.”
Duncan Gray, PIF Investment Manager said: “The management has worked hard to keep W Trailer competitive in tough market conditions and they are improving the company month on month. Niche engineering firms delivering imaginative and high quality products is one area the UK specialises in and W Trailer is a fine example of such a company. We are delighted to invest in a company that continually looking to improve its products and services.”
Partnership Investment Finance is a £37m investment fund aimed at supporting growing businesses in Yorkshire and the Humber. It aims to encourage enterprise and economic regeneration by providing equity investments and loans to eligible businesses in the region’s Objective 2 areas.
