DBL to double in size by early 2013
By: Richard Towey
17 April 2012
Logistics company DBL is set to double the size of its current operation through the construction of a new distribution centre.
HSBC'S Midlands team is helping to finance the plans which will see part of DBL moving to a new 50,000-square-feet warehouse in Sheffield, near to where its current 25,000-square-feet site is situated.
The company is managing a turnover of £3 million a year at present, but this figure should improve with the extra space and work force - as the move could be set to offer logistics work to many with driving expertise upon the site's completion in early 2013.
DBL's managing director, David Clarkson - who succeeded father Bert in 1998 - told freshbusinessthinking.com that due to the dimensions of the current site, the company has been struggling to realise its potential.
He commented: "We are being constrained at the moment by the size of our current warehouse and this is something we believe the new site will help alleviate."
Also talking to the website was Roy Harris, regional commercial director at HSBC Midlands, who spoke well of the bank's new investment. Harris said: "This is a successful, long-standing family run business that is looking to expand and HSBC is please to support it."
The reports come after good news for another logistics company, Potter Group Logistics, which announced a two-year contract extension with animal health group Elanco.
According to mhwmagazine.co.uk, the deal will see Potter group Logistics altering its temperature control infrastructure and investing in "materials handling equipment" as part of the deal.
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