A haulage company has moved from Denny to a central hub in Grangemouth with the target of increasing annual turnover by 30% over the next two years.
Xs Transport, with a turnover of £3 million, has acquired a 250,000 sq ft site, moving its three Central Belt depots to a single site, with the support of a six-figure funding package from Bank of Scotland.
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The company provides storage and distribution services, transporting a range of goods including aircraft engines, hazardous materials and cardboard packaging. A 50,000 sq ft warehouse will increase storage, enabling the business to secure additional contracts.
The firm, established with a single van in 2011, operates 15 trucks and plans to introduce five more in the next 12 months from its new base near the Grangemouth freight port.
Alan Taylor, managing director of Xs Transport, said: “Finding ways to increase our productivity is key and will be critical in us becoming more resilient as a business. By consolidating the business, it has enabled us to create a central hub with improved transport links that will reduce our carbon footprint, store more products and ultimately, take on more contracts.
“We have recently secured some lucrative contracts but having Bank of Scotland by our side has allowed us to alter our business plan to accommodate even further growth.”
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Nick Cotton, Bank of Scotland relationship manager, said: “The transport sector plays a significant role in Scotland’s national infrastructure. It’s encouraging to see firms like Xs Transport addressing environmental challenges by taking the steps required to meet the demands and needs facing the industry.
"We support businesses from all sectors and we recently committed to lending up to £1.6 billion to Scottish firms, underpinning this commitment to helping Scotland prosper.”
