A Leicestershire logistics company has expanded by opening a third distribution centre and increasing its number of employees following financial support from Barclays.
Core Management Logistics (CML), based at Magna Park in Lutterworth, has seen a significant surge in growth over the past 24 months thanks to increased demand from its prestigious list of retail clients.
To meet this demand, CML has opened a third distribution centre at Magna Park which stretches to 110,215sq. ft. and has taken on over 50 new staff.
As a direct result, the company, which has contracts with retail giants such as Marks & Spencer, Office Depot, Head and L.K.Bennett, is now forecasting to deliver an increase of fifteen per cent business growth over the next financial year.
CML’s business expansion has been supported by Barclays which has provided the company with new trade and working capital lines. Barclays was chosen by CML because of its personal approach to banking, excellent business support and helpful online banking system.
CML is a privately-owned supply-chain services company specialising in retail warehousing and distribution, ecommerce solutions along with global freight forwarding and employs a total of 500 staff.
Mark Webb, Managing Director at CML, said, “CML is continuing to go from strength to strength and we are thrilled to have secured the investment to help support our growth and retail clients over the next few years. We’d like to take this opportunity to thank Barclays for its continued support and we look forward to developing our working relationship with them.”
Richard Parker, Relationship Director at Barclays said: “CML are a great example of a business who have continued to provide excellent customer service at the same time as developing their customer base. They work with some prestigious retail brands and strive to be a centre of excellence for warehousing and distribution services. We are delighted to be working with the business to support their ambitious growth plans and the positive impact this has on the local economy through job creation.”
CML is a leading provider of international freight, warehouse, efulfilment and distribution services, based in Lutterworth, Leicestershire. Operating since 1990, CML has secured its position as a leader in retail warehousing, distribution and ecommerce by providing bespoke end-to-end solutions for some of the UK’s leading retailers and high-end brands who appreciate quality and attention to detail. With a workforce of over 500 colleagues, advanced warehousing solutions covering some 500,000 sq ft and over 25 years’ experience, it understands what matters to its customers and their market. It delivers innovative, flexible solutions through seamlessly integrated IT systems, real time stock transparency and continuous efficiency in an ever-changing environment.