Absolut City Business

BOOTLE transport group Abbey Logistics is updating part of its fleet after a £5.5m funding deal with HSBC.

The deal, by HSBC’s senior commercial manager Steve Bebbington, will enable Abbey to meet carbon emission targets and operate within new low-carbon zones, such as those established in London.

Abbey, which was founded in the late 1970s and was incorporated in 1990, specialises in transporting bulk food ingredients, liquid transport, powder and palletised transport.

It operates 200 trucks and 260 tanks and trailers from nine bases across the UK and plans to boost its turnover to £27m this year.

Abbey’s growth strategy was supported by a move into the bulk powder market recently to carry both food and non-food products around the UK and Europe.

Steve Granite, Abbey managing director, said: “We have been in business for over two decades and remain committed to investing in the company to continually improve and extend the range of services we can offer our customers.

“The equipment funding from HSBC will allow us to target future growth and expansion, while ensuring we are as energy-efficient as possible in the environment we operate in.”

HSBC’s Liverpool commercial director, Rikki Griffiths, added: “Abbey Logistics Group has managed to consistently grow its operations and turnover, while staying abreast of fast-moving environmental changes.

“With the Government’s ambitious green targets setting the agenda for many businesses in the UK, Abbey is a great example of a company tackling its objectives head on and setting a high standard for the industry.”