UK-based Chariots Express has agreed an increase in its finance facility with specialist bank Aldermore to fund European expansion plans.
The deal, worth £300,000, will enable the business to compete for new contracts both in the UK and abroad and also manage the increase in expenditure associated with expansion.
Chariots, which was bought by the current owners in 2006, is a 24-hour express courier which runs a fleet of 15 commercial vehicles.
Michael Wood, owner of Chariots Express, said: “I have now worked with Aldermore for many years and I stay with the bank because it offers me what I want to offer my customers, and that is the word ‘yes’.
“Aldermore gave me comfort when I was anxious about business finances, and it gave me a crutch when I could have stumbled. That is quite something.
“I want to take the next step in our business which involves working on some major contracts with new and existing customers. I feel confident enough to negotiate these contracts because Aldermore is in my corner.”
He added: “Experience tells me that the high street banks generally are not interested in funding this expansion, so I am glad that I have found a partner that is in it for the long term with us.”
