CM Downton is opening a new office and warehouse following growth this year. The office, which is close to the company’s HQ in Moreton Valence, Gloucestershire, will house 20 staff, previously based at the company’s offices at Quedgeley West. CM Downton has also taken on a 47,000ft² warehouse in Tuffley to enable it to service new contracts and manage growth. Downton finance director Richard Downton said: “The new office is the right investment for us; expanding our property portfolio in […]
Lombard, the asset finance division of the RBS Group, is actively seeking funding opportunities in road transport, bucking the trend which has seen several lenders leave the market since 2008. Lombard’s head of commercial transport, Derek Pridmore, says it is not the case that operators looking to fund new vehicles have little choice but to use manufacturers’ captive finance offering. “We financed £250m of truck sales in 2011, making Lombard the biggest single funder of CVs in the UK,” he […]
Royal Mail retains 10,000 flexible workers amid record volumes but admits to service issues caused by pandemic
Royal Mail said it had experienced the busiest ever three months in its history at the end of 2020, delivering 496m parcels.
FRP Advisory, the administrators of Charles Gee Group, has confirmed to Motortransport.co.uk that it is still seeking a buyer for some of its road transport interests.