HSBC has supported ATL Haulage, a merchant and carrier haulier based in Tilbury, with the purchase of 20 new trucks with a £1.5 million asset finance facility.
HSBC provided ATL Haulage with the facility to fund its ambitious expansion plans, including the purchase of 20 new, state-of-the-art Scania trucks for its fleet. With this increased capacity, the business expects turnover to grow exponentially this year. Importantly, this new line of trucks meets ‘Euro 6’ legislation, ensuring the company is environmentally responsible, and actively reducing CO2 output.
Strategically placed within the port of Tilbury, ATL Haulage offers clients a 24-hour, complete logistics solution tailored to their individual requirements. With over 75 current employees, the business is a significant local employer and boasts a wider national and international client base.
Cora McLaren, Head of Business Banking in the South and East regions, said: “ATL Haulage is a business renowned for its great service and, prior to HSBC’s asset finance package, the business’ fleet of vehicles were all on contract hire. Our aim was to assist the business with their replacement and purchase. As well as helping ATL Haulage reduce their overheads, this has also helped contribute to the delivery and successful acquisition of larger contracts.”
Amit Karia, Managing Director at ATL Haulage, said: “HSBC’s support has been invaluable to our expansion plans. The banking team has provided funding and sound advice tailored to our evolving business mission for double digit growth year on year. With a shining new fleet of trucks ready to hit the roads, we’re now in a really strong position to create new jobs for the local community and take on a rapidly growing client base.”
The support for ATL Haulage was facilitated by HSBC’s Commercial Banking Centre team in Chelmsford, Essex, which supports local companies operating both nationally and across the globe, helping them to achieve their business ambitions. For further information about commercial banking please visit http://www.hsbc.com/about-hsbc/structure-and-network/commercial-banking.
