A former Denny-based haulage company has centralised its business to Grangemouth in a bid to increase annual turnover by 30% over the next two years, with support of a six-figure funding package from Bank of Scotland.
Xs Transport has acquired a 250,000 sq ft site, moving its three depots from across the central belt, to one central hub in Grangemouth.
The company provides storage and distribution services to firms across the UK, transporting a range of goods including aircraft engines, hazardous materials and cardboard packaging.
A 50,000 sq ft warehouse at the new site will increase the amount of available storage, enabling the business to secure additional contracts.
The firm was established in 2011 with one van. It now operates 15 trucks and plans to introduce five more in the next 12 months.
In 2018, the business’ annual turnover was £3 million. Plans are now in place to increase this by 30% over the next two years.
Alan Taylor, Managing Director of Xs Transport, said: “Finding ways to increase our productivity is key and will be critical in us becoming more resilient as a business. By consolidating the business, it has enabled us to create a central hub with improved transport links that will reduce our carbon footprint, store more products and ultimately, take on more contracts.
“We have recently secured some lucrative contracts but having Bank of Scotland by our side has allowed us to alter our business plan to accommodate even further growth.”
Nick Cotton, relationship manager, said: “The transport sector plays a significant role in Scotland’s national infrastructure.
“From a focus on low carbon technologies to innovation, it’s encouraging to see firms like Xs Transport addressing these challenges by taking the steps required to meet the demands and needs facing the industry.
“We support businesses from all sectors to find solutions and enable firms to reach their full growth potential. We recently committed to lending up to £1.6 billion to Scottish firms, underpinning this commitment to helping Scotland prosper.”