Aldermore keeps Chariots rolling01/08/2018
Wakefield-based Chariots Express has agreed an increase to an existing finance facility worth £300,000 with Aldermore, the specialist bank.
Chariots, which was bought by the current owners in 2006, is a 24-hour express courier which runs a fleet of fifteen commercial vehicles. It specialises in timed collection and delivery across the UK, and is looking to expand its business into Europe.
The funding from Aldermore will enable the business to compete for new contracts both in the UK and abroad and also manage the increase in expenditure associated with the expansion.
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 the business’ finances, and it gave me a crutch when I could have stumbled.
“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. 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.”
Catherine McGorrigan, Business Relationship Manager at Aldermore, said, “We are delighted to support Michael and his team with their expansion plans as the business goes from strength to strength.”