A logistics firm specialising in fragile and high-value goods is expanding its operations, workforce and fleet.
PDS Direct, which was founded more than 45 years ago, has grown from a local delivery service covering the Midlands region from its base in Oldbury into a third-generation family business.
The company is known for its tailored delivery services across the 海角视频 and Western Europe.
After recently winning a five-year client contract, the team underwent a major expansion of the business.
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This included the recruitment of 45 new employees, growing the team by 40 per cent, along with the acquisition of 30 additional vehicles.
The team also underwent substantial investment in infrastructure, including the purchase of a tractor unit to support operations.
To facilitate this expansion, Lloyds supported with a funding package to help the firm to meet its current and long-term goals.
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It included funding to expand its fleet by 25 per cent along with financial support to scale operations and onboard new employees.
This has taken PDS Direct's workforce to 165 employees and its fleet to more than 150 vehicles. The company now supports 660 customers and anticipates a 36 per cent increase in annual turnover by 2025.
Managing director Sean Kiely said: "Securing a major client contract was a pivotal moment for PDS Direct.
"It not only validated the expertise we bring to logistics but also set the stage for our continued growth."
Andy Matthews, relationship director at Lloyds, added: "We're proud to support their expansion with a funding package tailored to their needs.
"It's been rewarding to work closely with Sean and his team and we look forward to seeing their continued growth."