Logistics group receives £4m for investment
A leading warehouse, distribution and logistics group located on the South Yorkshire and North Nottinghamshire border has received a £4m investment to drive growth.
Carlton Forest Group received the funding from Yorkshire Bank following a strategic consultation and business growth plan designed to bring jobs to the region, secure larger contracts and ensure the long-term future of this prosperous business within the Yorkshire business economy, where it works with several blue-chip companies to facilitate third party warehousing, distribution and logistics requirements.
“Receiving this funding will allow us to execute our long-term business vision which was to become one of the premier warehouse, distribution and logistics groups in the region and to increase our presence as a significant employer in the local region,” said Kerry Neath CFO Carlton Forest Group. “The investment comes after a period of growth that has led to increased demand from existing and new customers. CFG will use part of the funding to continue investment in its state-of-the-art technology which enables real-time tracking of stock items and distribution fulfilment.”
One area of the business that has enjoyed significant growth is the co-packing element particularly in the food industry which has seen the group secure major contracts during the recent festive season. This facility was recently recognised when it was awarded the BRC Global Standard for Storage and Distribution, an internationally-acclaimed accreditation for best practice in handling storage and distribution of products.
“Thanks to our customer base growing steadily this additional support from Yorkshire Bank has meant we have been able to invest significantly in our facilities and the technology which help us to provide seamless, integrated warehousing services across the UK,” commented Kerry. “Yorkshire Bank has supported Carlton Forest Group throughout this process, providing impactful advice which has helped us to position ourselves to seize the opportunities we have identified.”
Further information about Carlton Forest Group can be found by visiting www.carltonforestgroup.com.
The company is located in North, Nottinghamshire, S81 0TP just 10 minutes from both the A1 & M1.
