Wrings Transport secures six-figure funding package to fuel growth - TruckingJobs.co.uk



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Wednesday, 4 December 2019

Wrings Transport secures six-figure funding package to fuel growth

A Bristol haulage business which celebrates 25 years of trading next year has invested in its fleet of vehicles as it targets growth over the next 12 months.

Wrings Transport, based in Hallen, has secured a six-figure funding package from Lombard Asset Finance to purchase a limited-edition Mercedes-Benz truck, adding to its 60-strong fleet.

The business said it has already had one of its most successful years to date, increasing turnover from £6.9m in 2018 to £7.5m.

Wrings Transport was first set up in 1927 by Sidney Joseph Wring, who delivered coal to hospitals and schools across Bristol with a horse and cart. The company closed down in the late 60s after Sidney passed away. But in 1995, his grandson Stuart Wring set up Wrings Transport in its current form.

"We've just had our best year in terms of turnover and profit, and next year is looking even better still," said Stuart Wring.

"Our 25th anniversary couldn't have come at a better time, and it's great that Lombard Asset Finance has helped us mark the occasion with a state-of-the-art, limited-edition truck. We’ve added a silver emblem on the side door and a plaque on the front grill to commemorate this special anniversary."

The deal was managed by senior relationship manager Ed Willis from Lombard Asset Finance.

"The company has an impressive track record of generating year-on-year sustainable growth, a credit to Stuart and the team," said Willis. "I am sure they will all enjoy celebrating their 25th anniversary and I wish Wrings the very best for the future."

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