Wednesday, August 27, 2014

News: Hire purchase for Rotherham haulage firm

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Rotherham haulage business T and R T Wasteney has bought a new lorry after obtaining funding support from NatWest and the bank's asset finance partner Lombard.

The family-owned firm provides haulage services and skip hire to builders and construction firms in and around South Yorkshire.

The business was started more than four decades ago as a skip hire company but has expanded to include haulage services due to demand.

Robert Wasteney, partner at T and R T Wasteney, said: "As the industry has changed we have adapted the business to include haulage. This has proved very popular with our customers who know they can depend on us and our services."

The company found it could no longer operate with only one lorry and turned to NatWest relationship manager Pam Goodison for support on the purchase of a second vehicle. Pam worked with Lombard on acquiring a loan for the lorry.

Pam said: "I was delighted to support T and R T Wasteney on the purchase of the new lorry which will assist the business with further growth and development. I wish the business every success for the future."

Lombard, the UK's largest asset finance provider, recently celebrated its 150 years in business since it began hiring out rolling stock to the railways as the North Central Wagon and Finance Company in Rotherham in 1861. It still has around 600 staff in Manvers and specialises in products such as hire purchase, operating lease and sale and leaseback.

The deal follows on from a similar deal for fellow Rotherham firm, N M Logistics, that added three new lorries to its fleet of trucks thanks to joint funding facilities provided by NatWest and Lombard.

NatWest website
Lombard website

Images: NatWest

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