Yorkshire haulier in the fast lane with HSBC UK funding

A Keighley-based national haulier has expanded its fleet and bolstered its finances with support from HSBC UK. McDowell has successfully navigated difficult trading conditions caused by Covid-19, with the business furloughing 50 per cent of staff due to sudden changes in demand. As lockdown has eased, staff have safely returned to work and the business has used utilised a six-figure funding package from HSBC UK to acquire four new HGVs.

Adding to McDowell’s 104 strong fleet, the business has acquired four Euro VI compliant Mercedes Actros 510. These vehicles offer more space to drivers and a home-away-from-home experience for staff on long haul routes. By using HSBC UK funding and expanding its fleet, McDowell is expecting modest growth over the next 12 months.

Geoffrey Hirst, Director at McDowell, said: “Demand for our services was certainly impacted by the pandemic. We had to use the furlough job retention scheme to protect jobs whilst customer orders were reduced and worked with HSBC UK to secure support through the lockdown.

However, we have a strong and varied client base that enabled us to still keep a significant proportion of vehicles on the road and we diversified into the food supply chain since the need for supermarket deliveries increased, and also delivered hospital beds to NHS Nightingale Hospitals throughout the UK. “We’re optimistic about the future of the sector. Our full team is now back at work and despite being in the midst of uncertain times, we are really pleased to have just secured funding from HSBC UK to purchase four new vehicles and expand our articulated vehicle fleet.

These new vehicles will enable us to improve our fleet in response to customer demand and provide a comfortable experience to our drivers, which is paramount to us.” Anthony Wild, Corporate Relationship Director, North & West Yorkshire, HSBC UK, added: “Hauliers across the UK have acted as unsung heroes throughout the Covid-19 pandemic, ensuring that supply chains remain uninterrupted whilst simultaneously dealing with issues of their own.

We’re delighted to support McDowell throughout this period, with the investment into an expanded fleet showing the clear ambition of the business.”

Founded in 1976, R McDowell Haulage & Distribution Ltd is one the largest haulage businesses based in the North of England, with over 100 vehicles in its fleet and employing 150 staff across all operations.

The business has over 100,000 sq. ft. of high security warehouse space across multiple sites in Keighley.

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