UK Freight Forwarder Expands with Santander Funding Package

19th July 2018

Logistics BusinessUK Freight Forwarder Expands with Santander Funding Package

TPS Global Logistics, an award-winning Aylesford (UK)-based freight forwarding and logistics service provider, is moving into new, larger premises and hiring 20 new permanent members of staff. The move will enable the company to deal with growing business demand and comes after it received a funding package worth £600,000. The funding included £400,000 from Santander Business Banking and £200,000 from MacQuarie.

Established in 2003, TPS Global Logistics offers a door-to-door delivery solution for a number of specialist industries including beauty, cosmetics, retail, e-commerce, IT and telecoms. TPS Global Logistics covers the UK and Europe, as well as a worldwide service, with a recently opened office in the USA and a global network of agents.

TPS Global Logistics (team pictured above) has seen over 600% revenue growth in the last five years and staff numbers have grown from 16 to 42. The business won the prestigious Queen’s Award for Enterprise 2018 in recognition of its outstanding achievements in international trade.

Matt Smith, Managing Director, TPS Global Logistics, said: “Our business has grown substantially over the last five years, and we hope to be able to service more industries and reach even more markets as a result of our new facilities and expanded team. The support from Santander throughout the process has been fantastic, and the team from the bank has not only given us the financial support we need but also taken the time to really get to know us as a company.”

Matt Holloway, Relationship Director, Santander Business Banking said: “TPS Logistics has seen fantastic success and it is an exciting time to work with them as they grow the business. In the 15 years since it was founded, the business has expanded from a small domestic logistics company in the UK to an international business; and we are excited to see what is next for them.”