Essex haulier and freight company drives expansion with after securing seven-figure support from HSBC UK

A specialist haulier and freight company headquartered in Essex has completed the purchase of 15 new, ultra-low emission Heavy Goods Vehicles (HGVs) after securing a seven-figure Equipment Finance facility from HSBC UK. The investment will help meet increased demand for its services and comply with new legislative requirements.

Containerlift, which employs approximately 80 people, will see its fleet increase from 35 to 50 vehicles to help fulfil demand, but also signals its commitment to reducing its environmental footprint in line with Euro VI emissions standards, which apply to heavy duty vehicles travelling into Low Emission Zones.

The funding has also enabled Containerlift to upgrade its IT systems and equipment to help its workforce adapt to new ways of remote-based working.

Joost Baker, Managing Director at Containerlift, said: “With companies requiring greater amounts of logistical support during the pandemic, we’ve seen a significant increase in demand for our services. Transport and logistics companies will continue to play a key role in the recovery of our economy, so we’re proud to be able to increase our capacity, to help further support to our customers during these challenging times. We would like to thank in particular our HSBC Equipment Finance Relationship Director Chris Larkin and Corporate Relationship Director Ratna Parikh, who had a great understanding of our marketplace and business needs.”

Chris Larkin, Relationship Director at HSBC Equipment Finance UK, added: “The last 12 months have been an extremely busy period for the logistics industry with many companies struggling due to disrupted supply chains. HSBC UK was pleased to support Containerlift, providing funding to allow the business to make sustainable investments, crucial to its future expansion plans.”

Operating in the transport and logistics industry for over 30 years, Containerlift offers specialist shipping and delivery services for its customers across the UK and mainland Europe.

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Lisa Baker is the Editor of Always Finance, and writes about Business, Finance Technology and Healthcare. Lisa is also the owner of Need to See IT Publishing.