PGS Global Logistics Limited, based on Fortnum Close in Kitts Green, has used the funding to complete its purchase of a strategically located site close to Birmingham Airport and the NEC complex, known in the storage industry as ‘the golden triangle’.
The move has seen the firm expand its warehouse space from 66,000 sq. ft. to 142,000 sq. ft., to bolster the company’s distribution network. As a result, the business has grown its headcount from 144 to 168.
Founded more than 25 years ago, PGS Global Logistics is a family owned business which has grown to become a leading name in distribution and warehousing, serving clients both domestically and globally.
Paul Eyles, managing director at PGS Global Logistics, said: “Having experienced considerable growth in recent years, we decided to invest heavily in our workforce, equipment and facilities to ensure that we can continue to provide a high quality service for our diverse client base.
“Our new warehouse has enabled us to rapidly grow the business in a seamless manner, and thanks to the funding package we have secured a storage and distribution contract with one of the UK’s major retailers. Our long-standing relationship and ongoing support from Lloyds Bank has, and will continue to ensure that our growth ambitions for the next three years can be realised.”
Paul Warrington, relationship director at Lloyds Bank Commercial Banking, said: “PGS Global Logistics is a firm which have achieved consistent year-on-year growth since it was formed more than 25 years ago, and this deal offered us an opportunity to work with its management team to help achieve its strategic aims.
“It’s ambitious firms like this that are a staple part of the region’s economy.”