Allelys Heavy Haulage has increased its fleet and purchased a specialist trailer to transport heavy, state-of-the-art gas turbines used in the power generation industry, with the support of a £1m funding facility from Lloyds Bank.
Established in 1959, Allelys Heavy Haulage offers a haulage and transport service to clients in the rail, electrical, petrochemical and fabrication industries, with the capability to transport abnormal loads across the UK and into Europe.
The business previously operated two high girder bridge trailers to transport the larger and heavier generator and transformer equipment that is now prominent in the power generation industry. To transport the larger gas turbines, the firm have invested in a third trailer.
It turned to long-term banking provider Lloyds Bank Commercial Banking, and its Commercial Finance team provided the hire purchase facility to enable the business to buy the trailer. The asset finance facility allowed the firm to purchase the equipment and pay down the full amount over an agreed period to ensure its cashflow remains fluid.
The investment arms the business, which has an annual turnover of £15m, with three high girder bridge trailers that can carry up to 500 tonnes, increasing its transportation service capacity. The delivery of the new equipment has also created five new jobs, taking the number of employees to 120.
David Allely, director at Allelys Heavy Haulage, said: “Technology in the power generation industry has continued to evolve as businesses look to ensure greater efficiency in their operations, and we needed to adapt to these changes to maintain our market leading position.
“The support from Lloyds Bank has enabled us to expand our fleet and our capabilities, helping us to grow our business further whilst also creating new local job opportunities.”
Lauro Rodi, regional manager at Lloyd Bank Commercial Finance, said: “Allelys Heavy Haulage relies on its state-of-the-art fleet to meet the increasing demands of its clients. It needed to invest in a new trailer to capitalise on new business opportunities, and using a hire purchase facility the company was able to buy the equipment without it impacting its day to day operations.”
Mark Lodge, relationship director at Lloyds Bank Commercial Banking, said: “Businesses often don’t have the capability to transport oversize machinery, and this is where Allelys Heavy Haulage steps in. This investment also provides a boost to the local economy, with new jobs created, and we look forward to working with the business moving forward to activate its growth strategy.”