A STAVELEY-based locomotive hire company has increased the size of its train fleet after securing funding from NatWest’s asset finance arm, Lombard.
The Harry Needle Railroad Company has added three British Rail built shunting locomotives to its 110-strong fleet of locomotives, making it one of the largest privately owned train fleets in the UK.
HNRC was set up in 1990 and specialises in providing a spot hire service – hiring out locomotives and crew, from its Barrow Hill Shed depot near Staveley to other companies operating within the rail industry.
Customers also include businesses that need to move freight and other goods by rail such as Lafarge Cement, Tata Steel and Bardon Aggregates.
HNRC also provides a full locomotive rescue and refurbishment service, which returns older trains to active service.
Owner Harry Needle said: “We provide spot and contract hire services to customers throughout the country and pride ourselves on being able to quickly respond to each request.
“We can only achieve this by regularly investing in our fleet to ensure we have enough locomotives available to meet customer demands.”
Lisa Kershaw from Lombard and John Paulson from NatWest provided the company with a £72,000 asset finance loan to part fund the purchase.
John Paulson said: “Harry’s willingness to invest in the business has created a substantial fleet of trains and is key to establishing HNRC as one of the country’s leading locomotive hire companies.
“We are very pleased to have worked with the company on their latest purchase.”