Cheshire-based commercial vehicle body and trailer manufacturer, Tiger Trailers, has started its factory expansion with ongoing support of £2.9million funding from NatWest and Lombard.
Since 2014, the business has grown to a more than £30 million turnover company with NatWest helping fund Tiger’s growth, including the next phase with the new £22 million factory. As construction on the factory begins, the aim is for this to be fully operational by early 2019, creating up to 170 new jobs.
The company’s rapid growth over just four years, alongside its innovation and commitment to the north, has led to Tiger Trailers being announced as the first trailer manufacturer to become a partner of the Northern Powerhouse.
Part of this commitment includes nurturing young talent in the industry, and Tiger Trailers will continue to invest in its own apprenticeship scheme, welcoming its fourth intake of 16 apprentices later this year and aiming to double its intake once the factory is completed.
Founded by John and Steven Cartwright, the family business started from a 100,000 square foot warehouse and one initial order. Today, Tiger Trailers has 180 employees and 4000 trailers on the road. Its client base includes high profile names such as Amazon, B&M and TNT.
Chris Smith, finance director at Tiger Trailers, said: “The company started with the vision of creating innovative transport products from a Cheshire manufacturing facility. Thanks to ongoing funding from NatWest and Lombard, we have realised our vision and rapidly grown to become one of the UK’s leading trailer and vehicle body manufacturers. We will continue to build products which are delivering real efficiency and savings for the industry and we are committed to supporting the comeback of the Northern economy.”
Philip Mills, relationship manager for NatWest, said: “We have worked with Tiger Trailers since the company was founded, and it has been fantastic helping the business grow to become a huge player in the manufacturing industry and now a Northern Powerhouse partner. We look forward to continuing to work with such a fast-growing and successful company as it continues to expand.”