Partly Cloudy

Partly Cloudy

max temp: 10°C

min temp: 2°C

Search

Ipswich freight and logistics firm Charterlink eyes record turnover of £3m

PUBLISHED: 10:11 03 November 2014 | UPDATED: 10:11 03 November 2014

Stephen Carr, managing director of Charterlink, an Ipswich based company working with Bibby Financial Services.
Photo: Professional Images/@ProfImages

Stephen Carr, managing director of Charterlink, an Ipswich based company working with Bibby Financial Services. Photo: Professional Images/@ProfImages

©2014 Professional Images (UK) Ltd. Free for use.

A freight and logistics firm is set to celebrate record turnover thanks to outside funding to help it grow.

Ipswich-based Charterlink is targeting a record turnover of close to £3million this year, after receiving funding from Bibby Financial Services.

The firm offers UK distribution and 25,000sq ft of warehousing at its depot in Ipswich.

Although many companies were hit by the recession, it has been able to incrase the scale of its operation and has seen steady growth of nearly 20% over the last three years and increased its workforce from 13 to 16.

The business organises import, handles customs paperwork, unloads containers and arranges the picking, packing and delivery to retailers and wholesalers around the UK and works with customers including a major luggage manufacturer in Asia.

Managing director Stephen Carr said: “There is a lot of competition for freight and logistics in East Anglia but we have been able to differentiate ourselves through the service we offer to our customers. We have worked hard to ensure on-time collections, and where there have been delays, we’ve learned the value of keeping customers completely updated along the way.”

Charterlink used Bibby Financial Services’ Flexidraft facility, which works in a similar way to an overdraft, to give it working capital to invest in new trucks and warehouse equipment. It has also able to scale up its operation, taking on new contracts.

Last year, the business increased its funding line from £50,000 to £80,000, in line with its higher turnover and growth aspirations.

Sharon Wiltshire, managing director for Bibby Financial Services in East Anglia, said: “Stephen and the team have achieved solid growth over the past few years and its position in Felixstowe, one of the UK’s top container ports, is a strong one.

“Charterlink is a great example of how determination, combined with a quality offering, can lead to business success. Stephen and the team have used Flexidraft to their advantage and we’re looking forward to seeing them drive their business forward even further.”

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Ipswich Star visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Ipswich Star staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Ipswich Star account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Former Ipswich Town stars Matt Holland and Russell Osman captained the teams in the annual ITFC Legends charity match, held at Bury Town’s Ram Meadow stadium on Sunday.

A planning inquiry into proposals to build 300 homes in Kesgrave has stalled after it was ruled that a key report on housing needs in Suffolk was needed for a fair decision to be made.

Hospitals across the region have been dealt extra funding to cope with pressure on emergency wards over the winter months.

An intrepid Ipswich man will drive more than 10,000 miles through rough terrain in a clapped-out banger this summer as he attempts one of the world’s most gruelling motoring events.

A 22-year-old Suffolk woman who is living with a debilitating spinal condition has told of her agonising wait for a diagnosis and how the disease’s impact on her body rocked her self-confidence.

One of Ipswich’s biggest primary schools has celebrated after Ofsted inspectors rated the school as ‘good’ in its latest inspection, completing a remarkable transformation in its fortunes in the last five years.

A group calling itself the Suffolk EU Alliance is out to cause a political stir in Suffolk by tactically voting, en masse, for hand-picked candidates in the forthcoming county and general elections.

A 24-year-old man accused of driving at speeds of more than 100mph during a police chase will be sent to Ipswich Crown Court for trial.

University of Suffolk student Lauri Love has been granted permission to appeal against his extradition to the USA where he would face charges of alleged computer hacking.

Many places will close on Bank Holiday Monday next week but no matter how prepared you are, there will always be unexpected circumstances which could prompt an urgent need to head to the shops.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Newsletter Sign Up

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24