Finance deal opens up the road ahead

WAREHOUSING and distribution firm TTX has agreed a finance deal with Aldermore which will open up more than £1.6m to expand its business.

The agreement will help the logistics business, based at Woodstock Industrial Estate, Royton, to expand operations to meet demand at its current facility and assist in the opening of a new branch in the Midlands. TTX is also looking at further expansion and potential acquisitions.

The business has been established for 30 years and employs more than 90. It specialises in transport and distribution services including warehousing and delivery throughout the UK. It also has its own on-site workshop, which it says provides tighter control over vehicle servicing and safety.

With the new finance facility from Aldermore, TTX said the extra support will allow it to buy additional vehicles and recruit more staff.