Cumbrian haulage firm set for £1.5million expansion
By: Joe Elvin
13 April 2011
A Cumbrian haulage firm looks set to expand after receiving a £1.5million cash injection from a local bank.
Stalkers Transport Services have pledged to create more driving jobs after completing their refinancing deal with Aldermore last week.
The family-run company - which also has bases in Leicester, Cowie, Felixstowe and Tilbury - is already arranging to add to its fleet of 60 vehicles at its Brampton base.
Owner Hughie Stalker told Insider Media that the money gained from comprising a commerical mortgage will be wisely spent on improving the service they provide to clients.
He said: "This refinancing solution from Aldermore has come at an excellent time for Stalkers, as we look to enhance our service levels by introducing state-of-the-art logistics management systems, while retaining the strong heritage and family tradition of the business."
The company, originally formed by Hughie's father Edward in 1968, is a fantastic role model for other logistics companies who may be struggling to cope with the rise in petrol prices. Stalkers recorded a turnover of £7.5 million last year.
Speaking to Cumberland News, Aldermore regional bank manager, Mark Lindsay, said he was more than confident that the company would deliver on their expansion promises.
He said: "Stalkers is a great example of an adaptable, family-owned business that has found new and innovative way of thriving where others have fared less well."
Top of page