A Leicestershire logistics company has expanded by opening a second warehouse and increasing its number of employees following financial support from Barclays Bank.
Core Management Logistics (CML), based at Magna Park in Lutterworth, has seen a significant surge in growth over the past 12 months thanks to increased demand from its prestigious list of retail clients.
To meet this demand, CML has opened a second warehouse at Magna Park which stretches to 115,000 sq. ft. and has taken on 78 new staff over the past year.
As a direct result, the company, which has contracts with retail giants such as Marks & Spencer and L.K.Bennett, is now forecasting to deliver an uplift of 30% in throughput volumes over the next financial year.
CML’s business expansion has been supported by Barclays Bank 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 distributions, along with global freight forwarding and employs a total of 265 staff over its two sites.
Just over 40 employees currently work at the new warehouse and CML has plans to take on more during peak periods. The warehouse, which offers extensive storage and operational space, can handle in excess of 30,000,000 units per annum and is a general merchandise holding centre for client Marks & Spencer.
To support CML’s growing customer database, the company has also invested over £500,000 in a new warehouse management system (WMS).
Globally used by many blue chip companies the Accellos WMS is the ideal solution for CML. The diversity of its accounts means that CML needed a solution to help it extend its integration capabilities as well as connect with client systems quickly. The system also provides a portal for customers to view their live stock positions round the clock.
CML has also expanded by launching a new heat sealing and logo embroidery department at its main 270,000 sq ft warehouse. The department means that CML now has the technology and systems in place to personalise garments, such as sports clothing, with a specific name or logo making truly unique products.
Graham Copley, Managing Director at CML, said: “CML is continuing to go from strength to strength and we are thrilled to have seen so many staff come on-board in the past 12 months as well as being in a position to open our second warehouse.
“Being able to bring new staff into new roles allows us to continuously expand on our expertise and knowledge and in doing so further improve on the services we provide to our clients. Barclays understands the nature of our work and shares the vision we have for the business and we welcome their support.”
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.”