Wellingborough-based logistics business, KGT Logistics Ltd, is celebrating an increase in employees and turnover since its management change in 2015.
KGT Logistics, a haulage and logistics business, has seen a 78% increase in turnover from £2.7 million to £4.8 million. In addition to this, the business has seen growth in other areas such as employee numbers, now employing 28 employees, up 75% from 16 back in 2015.
Hollie Gill, Director at KGT Logistics, said: “The business has definitely seen a lot of growth since 2015,” “Having a factoring facility in place has really helped with the cash flow of the business and this meant we could take on more employees, leading to a more productive business.” Ms Gill added.
The business is now focusing on the continuation of this growth as well as maintaining the levels of service it offers to its customers. With a noticeable increase in business towards the North, KGT Logistics hopes to strive towards a potential northern depot in the future.
Tom Lawless, Regional Operations Manager at Skipton Business Finance, said: “KGT are a long term client of Skipton Business Finance who we have an excellent relationship with,” “Both Steve and Hollie are happy to discuss how to improve the relationship and in the past have also provided us with idea’s to extend our offering to the Haulage sector.” Ms Gill added: “Our relationship with Skipton has always run very smoothly and any issues we’ve had have been resolved straight away,” “It’s important to have realistic ambitions about what you want your business to achieve.” Ms Gill added. KGT Logistics have had an Invoice Finance facility with finance provider Skipton Business Finance since July 2015.
To find out more about KGT Logistics Ltd, please visit: https://www.kgtlogistics.co.uk/.
KGT Logistics Ltd is a family-run business, established in 2005, supplying general road haulage services to businesses. The business was based in Haydock until 2010 when a second depot was opened in Wellingborough. The business experienced a management buyout in 2015, maintaining the name KGT Logistics throughout.
Skipton Business Finance Limited, a wholly-owned subsidiary of the Skipton Group, is a factoring and invoice discounting company. Established in 2001, SBF provides financial products ranging from invoice factoring, invoice discounting, and its award winning My White Label solution. Skipton Business Finance is also an accredited lender of the Enterprise Finance Guarantee Scheme. It continues to be a UK-leading financier in the invoice finance market and is keen to maintain its position as a major, client-focused organisation in the UK. For more information about Skipton Business Finance, please visit: www.skiptonbf.co.uk.