Bristol transport business secures multi-million pound finance package

Business Support | Funding | Latest News | South West

HSBC bank have supported IJMcGill transport in buying a new site.

A Bristol transport business that has been operating in the South West since 1979 has secured a seven-figure finance package from HSBC to purchase the site of a former paper mill in Keynsham.

I J McGill has acquired the 17-acre plot from packaging company, D S Smith. Having the extra space will relieve pressure on the existing site, which currently houses more than 70 vehicles at any one time, and will also facilitate future growth.

Ian McGill, chairman at I J McGill Transport, said: “We been on the hunt for a suitable second site in the South West for some time so when this large plot became available on our doorstep we jumped at the chance; but we had to move quickly to get it – and so did our chosen banking partner.

“We made the decision to move across to HSBC at the time of the purchase because of the bank’s ability to save us money and the team’s proven expertise in the transport industry. The speed at which they managed to get the funding in place means we can now operate more efficiently, thus improving the service we’re able to offer our customers.”

James Shepherd, HSBC’s Area Director for Bristol, Gloucestershire and Wiltshire, commented: “HSBC has considerable experience working with businesses in the transport industry and we are committed to helping them realise their ambitions. I J McGill is no exception, and we are looking forward to a long and prosperous relationship with the team going forward.”

I J McGill currently employs 280 employees across its sites in Keynsham, High Wycombe, Tavistock and Manchester and operates a total fleet of 136 HGVs.

The new site in Bristol will allow the company to increase the size of its fleet and workforce over the coming years.

The funding was allocated from HSBC’s national £10 billion fund to actively support UK businesses which includes £500 million specifically for companies in Bristol, Bath, Gloucestershire and Wiltshire.

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