Express Vehicle Services to Double in Size Following £434,000 in Funding

Cardiff-based Express Vehicle Services Ltd, a fast-growing vehicle servicing business, is to buy an additional property in Barry after receiving £434,000 in funding from Santander Corporate & Commercial.

To cater for strong growth and capture more market opportunities, the funding from Santander Corporate & Commercial will allow Express Vehicle Services to expand its operational reach out of Cardiff and into Barry and the Vale of Glamorgan. The move is forecast to result in a further 10-15 staff being brought on board. 

Established in 2011 with just one mechanic, the firm has steadily grown over the past four years and now employs 15 staff, providing a comprehensive and professional range of vehicle services for customers in the Cardiff area. The firm registered £520,000 in turnover for 2015, which is forecast to grow to £1 million by the end of 2016.

Kevin Whitcombe, Director, Express Vehicle Services, said: “The new property is a great opportunity which could lead to us doubling our workforce and output. The team at Santander has been extremely supportive throughout the process and we are confident that this move will be a great next step for us, providing further room for growth.”

Paul Williams, Relationship Director, Santander Corporate & Commercial, said: “We are really pleased to provide funding to support Kevin and the team at Express Vehicle Services. The firm operates a ‘customer comes first’ culture and we are glad we can support such a high quality company with strong growth potential that can provide job opportunities to the Barry community.”

The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions.

Notes to editors
For Express Vehicle Services media enquiries, please contact Kevin Whitcombe on 07951 090640

Media enquiries
Bijal Tanna                 020 7756 4189     Mobile: 07860 259 217
Jonathan Akerman      020 7756 4190    Mobile: 07850 640 770

The Santander Corporate & Commercial press office operates from 8.00am to 6.00pm. Outside of these hours please call 0800 5877708.

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