Paragon Bank has provided a £785,000 finance package to support the acquisition of Exeter-based logistics business, STR Logistics, following the retirement of the owner. STR Logistics specialises in distribution, contract management, logistic and supply chain solutions, tail lift delivery and secure high value freight handling. The deal was brokered through Ignition Credit, a leading UK […]
Jenson Funding Partners are delighted to advise they have completed an investment in Axioma Europe Ltd who provide a marketplace for mobile vehicle repairs. Axioma assists car owners with expert image analysis of the repair scope and leverages hundreds of independent technicians on their marketplace to carry out the repair work at home and at […]
After one of the darkest years in automotive history, there is light at the end of the tunnel. April new car registration figures out this week showed 141,583 cars were registered, a dramatic 30-fold rise on 2020 when the country was completely locked down, highlighting the importance of showrooms being open to drive public demand. […]
141,583 new cars registered as showrooms reopen – significantly up on April 2020 when lockdown closed retail and the nation, but still -12.9% down on decade average. SMMT revises forecast upwards to 1.86m registrations by end of the year, up 13.9% on 2020. Plug-in vehicles forecast to account for more than one in seven registrations in […]
30,440 vans registered in April, the highest-ever total for the month since records began. Registrations up 23.2% on five-year average. Sector currently back at 2019 registration levels, supported by growth in large van uptake. The light commercial vehicle market recorded its busiest ever April as 30,440 new vans were registered, according to the latest figures […]
UK commercial vehicle (CV) production increased by 16.9% in March, as 6,166 units left factory gates, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). CV manufacturing saw its first month of growth since September 2020, marking the one-year anniversary since the coronavirus pandemic first caused plant closures […]
UK car production rose 46.6% in March, the first increase after 18 months of decline, with 115,498 cars manufactured, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). The performance marks one year since the coronavirus crisis caused all UK automotive plants to be shuttered in mid-March 2020, […]
PMD begins a strategic partnership with the RHA, the trade association of choice for all operators of commercial vehicles, giving its members access to the widest panel of funding lines available in the market. Manchester based PMD Business Finance is one of the UK’s leading independent providers of business finance and is now lending over […]
GSM Finance (GSM) has enabled one of its customers to reduce their environmental impact by purchasing the UK’s first fully electric ambulance, through securing funding from Wesleyan Bank. GSM is London’s largest independent asset finance brokerage. The company is the longstanding finance partner of The HATS Group, a leading provider of healthcare transport services to […]
As showrooms reopen their doors today, consumers will be greeted by a vast choice of the cleanest ever vehicles to suit their needs according to new research by the Society of Motor Manufacturers and Traders (SMMT). The latest analysis reveals that there are now 462 individual car models available in around 4,650 standard specifications augmented […]
