DBL Logistics is planning to double its size and increase its workforce by a third, with the help of a £1.8 million financing package from HSBC.
The company, which currently operates from a 25,000 square foot site on the Sheffield Business Park is planning to develop a 50,000 square foot distribution centre nearby.
The purpose built distribution centre could be completed by next January, after which DBL hopes to increase the number of trucks and trailers operating from both sites from 15 to 25 and the number of people it employs from 20 to 30.
DBL was founded by Bert Clarkson in 1983 as Yorkshire Distribution Services. The company began by delivering white goods to private households in the North East and now warehouses and distributes a comprehensive range of goods worldwide.
Bert’s son, David, who became managing director in 1998 said: “We are being constrained at the moment by the size of our current warehouse and this is something we believe the new site will help alleviate.
“There is strong demand for our product, which we believe is a quality service at a competitive price, and the new site forms a key part of our growth strategy. We are excited about work commencing on the new distribution centre and look forward to its opening in 2013.”
In addition to providing the funding, HSBC now handles all DBL’s banking requirements.
HSBC’s Midlands Regional Commercial Director, Roy Harris, said: “This is a successful, long-standing family run business that is looking to expand and HSBC is pleased to support it.
“We welcome DBL as a new customer and look forward to working with the company as it develops its impressive new distribution centre.”