Northwards 3

Transport and distribution company Northwards has purchased a 20,000sq ft depot to supplement its existing unit at Aberdeen harbour.

The Scottish haulier has invested more than £2m in the depot, which is located within a three-acre site on the city’s Altens industrial estate.

The company said the investment, which was helped with a £1.2m funding package from Royal Bank of Scotland, enables it to continue with its expansion plans, which have seen turnover more than double over the last seven years.

Northwards operates out of depots in Aberdeen, Shetland, Orkney, Inverness, Scrabster and Glasgow and serves more than 1,000 customers in sectors such as oil and gas, retail and aquaculture.

The company was formed in 2002 following a management buyout from P&O Scottish Ferries of its freight, haulage and maintenance operations.

Northwards' annual turnover in the year to 31 December 2017 stood at £13.5m (2016: £11.9m).