Saints Transport has moved its business banking to The Co-operative Bank from RBS/Nat West.
The Bank has provided the firm with a £3.86m LIBOR-linked loan over 15 years to refinance commercial mortgages from Royal Bank of Scotland/Nat West, but the Heathrow firm says it selected The Co-operative because of its reputation for building long-term relationships with its customers.
Steve Bateman, senior business development manager of The Co-operative said: “Saints Transport is a long-established and highly regarded family owner/operated business that was seeking a proper relationship bank and we’re genuinely delighted to be working with them.
“The management has operated the business well in the recession by negotiating improved margins, controlling costs, retaining profit levels and reducing gearing to strengthen the trading balance sheet.”
Saints Transport was founded in 1973 by Martin Carroll and chief executive Steve Beeches and specialises in airfreight distribution. The business services every commercial airport in the UK with some 200 vehicles. It has two depots at Heathrow and others at Manchester and in Scotland and Wales.