TT Express announces expansion plans

Oldham-based warehouse and distribution firm TT Express (TTX) has announced that new funding from Aldermore will help finance expansion plans. TTX has agreed an invoice finance facility of £1.4m and an additional asset finance facility of £260k from Aldermore.

The company said it would use the funding to help expand operations at its current facility near Manchester and assist in the opening of a new branch in the Midlands.

TTX added that is “further looking expand by the way of organic growth and acquisitions”.

Dave Taylor, Managing Director at TT Express, said: “All businesses have to consider their cash flow, and this funding from Aldermore will allow us to close that gap. We are really excited about our plans to expand, and look forward to being able to deliver great service to more customers and regions in the future.