A Tees-based container sales and hire company that has grown rapidly in just four years has embarked on a major expansion with the help of a £100,000 package of investment from UK Steel Enterprise.
Cleveland Containers, which operates nationally and has a current turnover of £7m and workforce of 24, is investing a total of £330,000 to purchase new equipment and extend its existing office space to cater for an expected 10 new jobs.
The £100,000 from UK Steel Enterprise, the business-support subsidiary of Tata Steel, is made up of a £50,000 loan and a £50,000 Regional Growth Fund grant.
Cleveland Containers, based on a seven acre site in Grangetown, Middlesbrough, is already one of the UK’s top five operators and is expanding to meet growing demand for its range of services around the sale, hire and repair of shipping containers.
It is recognised as one of the main depots on Teesside for the storage, handling and maintenance of shipping containers.
The company was set up in 2011 by Johnathan and Jane Bulmer, who have substantial experience in the transport and logistics sector. Its customers include many of the main shipping lines and blue-chip companies from the agriculture, education and offshore sectors.
“UK Steel Enterprise’s investment is a very welcome and important part of our expansion package,” said Johnathan Bulmer.
“We have grown rapidly in our first four years and expect that growth in turnover and profitability to continue.
“We are ideally placed on this site with excellent access to both the road network and Teesport Terminals.
“Now we will have the extra office space we need as we anticipate taking on at least 10 people over the next three years including a driver, finance assistant, sales, marketing and operational staff.
“We have been helped by the growth in the self storage market and the current strength of the construction sector.
“On the hire side we currently have 200 containers on hire and our long-term plans are to increase this to 1,000.”
The new equipment purchased includes a specialist truck and crane attachment to deliver containers and a container handler for the Teesside depot which will all improve efficiency and save costs.
Sarah Thorpe of investor UK Steel Enterprise said: “Cleveland Containers has not only put in a very strong performance to date but demonstrates significant potential for future growth. The management team is highly experienced and the company has established an excellent reputation in a short period of time.”
UK Steel Enterprise celebrates its 40th anniversary this year and has now invested a total of more than £19m into businesses in the Northern region and a further £12m into providing business premises.