Contact Transport a West Midlands based logistics firm operating out of premises within the Garretts Green area of Birmingham is pleased it has been able to access a £500,000 funding boost from Finance Birmingham.
As the £500,000 investment will now enable Contact Transport to continue to grow and expand in line with the 60 per cent increase in turnover it has witnessed during the last 12 months, to nearly £20 million.
The funding which Contact Transport received will also ensure the firm can take on new contracts within the ‘final mile’ division, which refers to the last leg of a product’s journey before arriving with the customer.
Contact Transport History
Originally starting as a small courier business for airline agents in 1980, Contact Transport was ultimately delivering and collecting freight in and around Birmingham Airport.
Over time the company and seen steady growth and today works for major clients who include the likes of Amazon and UPS.
In 1990 they added overnight parcel deliveries to its operations since which witnessing the rise of internet shopping in recent times then started working within the lucrative ‘final mile’ sector over the last decade.
It currently operates up to 400 vehicles per day and employs 400 staff all of which helps in the facilitation of an impressive portfolio of services, including contract hire, logistics management, warehousing and haulage.
Contact Transport Managing director Neil Hughes said: “Finance Birmingham’s funding will enable the company to strengthen its offer by supporting existing jobs in the region, and adding a further eight direct posts – plus many more indirect roles – over the next three years.”
The investment which Contact Transport secured was from a £9 million funding programme which is managed by Finance Birmingham to help support SMEs across the Greater Birmingham and Solihull LEP area.
Finance Birmingham’s investment director Ian Fairclough said: “We are backing a strong and experienced management team. The investment will support the significant growth of the business by funding the working capital requirement as the business continues to grow.”
