Warehousing firm Complete logistics has exceeded ambitious expansion plans to double turnover within 12 months, with the help of Newport-based Henry Howard Finance.

The warehousing and distribution company, which is based in Leicestershire, needed invoice finance and a loan to facilitate growth plans by moving into a 5,500 sq ft warehouse and investing in vital new machinery including fork lifts and pallet racking.

The company worked with HH Cashflow Finance, the invoice finance branch of Henry Howard Finance, to release the necessary funding. This has allowed Complete Logistics to double in size in less than 12 months, exceeding its projected turnover of £600,000 earlier than expected and increasing its forecast to £800,000.

Now in a new larger warehouse next to the M1 in Leicestershire, the company has employed three new staff due to expanding business demand.

Peter Jackson, owner of Complete Logistics, said: “It can be very tricky for small businesses to finance growth while maintaining steady cash flow, particularly if you have to grapple with late payments.

“Thanks to Henry Howard Finance we have been able to invest in the future of the business, win more work and take on more staff.

“Henry Howard have been a breath of fresh air. They are really hands on and actually wanted to understand our business. It wasn’t like the usual experience in finance of dealing with men in grey suits.”

Mark Crook, co-founder and chief operating officer of Henry Howard Finance, said: “We’re thrilled to have helped a successful SME exceed their growth plans.

“We pride ourselves on working in close partnership with our clients, making the success all that more rewarding.”