CBL TRANSPORT LIMITED
A transport business in Central Scotland, CBL Transport manages the logistics for general hauling, container hauling, RORO trailers, and refrigerated goods, serving clients in the EU and the UK. They're a female led, family-run business with decades of experience. Renowned for their quick turnarounds, effectiveness, and professionalism. They are currently seeking funds for working capital and expansion.
Professional, proficient and hassle free logistics service provider.
There are not many female owned logistics businesses which is our USP. Given my history in the industry, my knowledge and experience has helped lead us to to the success we've found thus far. Our incredible team has also resulted in the companies growth year-on-year. Our drivers receive frequent training to guarantee that our high standards are upheld. We have years of expertise running refrigerated trailers and understand the need of delivering temperature-sensitive items in perfect condition. We are proud to have built a reputation for fast, secure and efficient deliveries.
Thanks to our hard work and dedication as a team we are now in a stage of further expansion. We plan to increase our fleet as we have the work available to facilitate this and to acquire land. This will allow us to store loaded containers as this is in demand throughout the industry. The tariff for quayside rent for containers has increased and our customers are seeking alternative solutions. We are delighted to bring you the opportunity to invest during this phase of expansion.
The director is providing a personal guarantee, this means that if the business fails the director become personally liable for the loan. The director is not a homeowner. There have been no CCJs for the business or director. In 2022, admin costs were £83,886, depreciation and other amounts written off assets were £7,051 and other charges were £215,517. In 2021, admin costs were £10,372, depreciation and other amounts written off assets were £1,287 and other charges were £58,836. The admin expenses in the table below is inclusive of depreciation and other amounts written off assets, and other charges. The Equifax score and grade, on which we base our assessment of risk, are based on the Oct 2021 filed accounts. We have performed our assessment on recent financial information, including Oct 2022 final accounts shown below, which were not available to Equifax. The bank statements demonstrate reasonable affordability and the accounts remain well in credit.
The business advised that they expect to be affected by inflation, albeit in a limited way as they set their own rates and have control over their fuel surcharge. As the majority of lending to the business is at a fixed rate, they will not be immediately affected by interest rate increases. The directors do not expect to draw money from the business as all capital is vital for the growth of the business. Their business plan going forward is to to expand their fleet and to acquire land to be able to store loaded containers. The tariff for quayside rent for containers has increased, and CBL Transport’s customers are seeking alternative solutions.
Where will the funds go?
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"Professional, proficient and hassle free logistics service provider."