Lloyds Bank supports Masters Logistical with £2.5m

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Masters Logistical have received a £2.5m funding package from Lloyds Bank Commercial Banking to enable company expansion.

The funding package will go towards the construction of a new warehouse, the hiring of more staff, and to increase their annual turnover by 10 per cent to £6m in the next year.

The company has purchased its existing premises and an additional adjacent 152,460 sq ft of land to increase its operations.

Paul Upton, managing director of Masters Logistical said: ”Lloyds Bank has been by our side throughout this process. The funding allows us to build both our workforce and our customer base.”

By Michelle Mooney

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