Aldermore helps hauliers with fuel costs‏

By Bridging Loan Directory -

 

Aldermore, the new British Bank, says that haulage firms have the opportunity to offset the 3p increase in diesel fuel in August, by buying fuel with its new fuel card.

The card, which was launched in February this year, can be used in over 1900 refuelling stations across the country and gives haulage operators the potential to save up to 3 pence per litre on diesel over a 12-month period. The card is also combined with an invoice finance facility, meaning that firms can release cash tied-up in unpaid invoices.

Darren Cottenden, Head of Road Haulage Funding for Aldermore Invoice Finance, said: “It’s understandable that the haulage industry is disappointed with the Chancellor’s decision to continue with the proposed diesel price increase in August. However, transport firms can still offset either part or all of the increase by purchasing their fuel using an Aldermore fuel card. Over the course of a year, this could result in up to a 3p per litre saving.

“This initiative has been designed to help ease the pressure on haulage firms’ cashflow by combining the benefits of an invoice finance facility with a fuel card. The cost of fuel will be debited directly from the operators finance facility and they will benefit from up to 14 days free credit on all their fuel purchases.

“The facility is available to any size of firm, which will receive support from a dedicated haulage industry finance expert based in one of our regional offices. The combination of invoice finance and a fuel card is unique in the UK and we anticipate significant interest from transport operators.”

Haulage operators can obtain further information by going to www.aldermore.co.uk or by phoning 0800 021 7040.