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Aldermore races to the rescue with increased finance facility for Chariots Express

POSTED: 15th August 2018
IN: Newsroom
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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 15 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. That is quite something.

“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: “Chariots Express has an impressive track-record, building up a wealth of experience over the years. We are delighted to support Michael and his team with their expansion plans as the business goes from strength to strength.”

*Ends*

 

For further information, journalists can contact:

Carmel McCarthy, Aldermore
Phone:            020 3553 4216
Mobile:            07464 644754
Email:             carmel.mccarthy@aldermore.co.uk

Notes to Editors:

For further information about Aldermore, please review our Notes to Editors page.

 

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