UK Truck Group is in the driving seat for growth

UK Truck Group vans
UK Truck Group logos

UK Truck Group

Established in 2013, UK Truck Group is a family run business based in Hertfordshire with sites in Flamstead and Hoddesdon.

The group includes UK Truck Parts which supplies commercial vehicle parts to businesses; UK Truckrepairs which provides repairs and maintenance services on commercial vehicles; and UK Truckcentre which buys and sells vehicles and provides commercial vehicles for hire and lease.

UK Truck Group were impressed by the pace and enthusiasm of Santander. Their area of focus was on the business’ long term strategy and that paired with sector knowledge, set them apart from competitors.

Our partnership with Santander has been integral to our development plans for the UK Truckcentre dealership, allowing us to implement our growth strategy and expand our offering to new and existing clients.

John Culora

Managing Director, UK Truck Group

The facilities in place with their current lender were no longer serving the intended purpose so after reviewing the needs of the business, Santander were able to structure a funding package to support.

An alternative way of funding working capital through Invoice Finance was set up for their short term requirements alongside a commercial property loan to allow them to buy their new premises. This allows the business the freedom to focus on their long-term growth strategy.

Understanding their long term plans and challenging the initial funding package they requested was the key to setting us apart from other lenders. The expensive bridging funding was holding them back from investing in the business and the package we have provided means they can continue their growth and focus on winning new clients. The group has an exciting future ahead, particularly with the development of the UK Truckcentre, which extends its existing commercial vehicle offering into the dealership business.

Craig Carter

Relationship Director, Santander

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