Barclays Corporate Asset Finance (BCAF) has signed a
multi-million pound deal with Eddie Stobart Ltd, a UK-based road
haulage company.
The investment includes two arrangements to fund skeletal and
curtain-sided trailers, at a total of 265 units, and a cost of more
than £5 million (€5.7 million).
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The deal was coordinated by BCAF in Manchester, led by Stirling
Hulme, who is a regional sales director. The aim is to provide
funding for Eddie Stobart to make a major addition to its trailer
fleet.
Hulme said: “While I have known Eddie Stobart Ltd for many years
and have been involved in some exciting projects, the core of the
business will always be on the UK’s road network.
“It is always satisfying to know that we have been able to work
with a customer to provide a mutually acceptable solution to assist
in further expansion – especially with such a well-known and
respected brand as Eddie Stobart.”
Ben Whawell, Chief Financial Officer, Stobart group added: “At
Stobart Group we constantly strive to provide the best logistics
solution to our customers.
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By GlobalData“This funding will allow us to make continued significant
investment in our fleet and ensure our industry-leading fleet
utilisation and sustainable distribution services are
maintained.”
Operating from more than 40 sites across the UK and in
continental Europe and Ireland, parent company Stobart Group Ltd
has operations in the multimodal freight, logistics and warehousing
sectors.
Haulage brand Eddie Stobart already holds a large fleet of
vehicles, totalling 1,850 tractor units, as well as holding more
than 6 million square feet of warehousing.
