Following a management change in 2015, Wellingborough-based logistics business, KGT Logistics, has seen a 78% increase in turnover from £2.7 million to £4.8 million.
In addition, 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.”
The business is now focusing on the continuation of this growth. With a noticeable increase in business towards the North, KGT Logistics is striving towards a potential northern depot in the future.
KGT Logistics have had an Invoice Finance facility with finance provider Skipton Business Finance since July 2015.
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.”