A west Yorkshire prestige cars business is expanding its range of performance vehicles to capitalize on growing demand from motorists.
Up to 35 cars, including Mercedes and Porsche, are being acquired as stock by SCC Leeds, Yeadon, after gaining backing from Yorkshire Bank Financial Solutions Centre (FSC) through its Investing for Growth initiative.
SCC Leeds, which was set up by business partners Remo De Biase and Roman Slobodian in 2008, is now acquiring the vehicles from throughout the UK for its internet-based sales operation.
Remo De Biase, 42, says: “The prestige and high-quality used car market is very strong as motorists seek out value and vehicles which represent good investments. Our experience enables us to buy sought-after makes, models and marks of cars which we know will sell and are a good buy for our customers.
“As an internet-based enterprise with the potential for a high volume of buyers at any one time, it is vital for us to have a large pool of stock available to maintain a wide variety of vehicles.
“The Yorkshire Bank funding enables us to have a pool of vehicles available without having to re-stock on a sell-to-buy basis. We are aiming to expand further in 2012 by further extending our stock and moving into new markets. We’re pleased with Yorkshire Bank’s support which makes our business run a lot more smoothly.”
SCC Leeds, Moorfield Industrial Estate, buys and sells sports cars, 4x4 off-roaders and saloons up to four years old throughout the UK. The business has five staff and a £6.5m turnover.
Yorkshire Bank FSC business partner, Michael Tew, says: “Having the right mix of stock available to meet customer needs is crucial for businesses in the current climate and we’re pleased to be helping SCC Leeds keep the wheels turning through Yorkshire Bank’s Investing for Growth initiative.”
Yorkshire Bank’s Investing for Growth initiative enables businesses to take advantage of loan repayment holidays, interest-only repayments and extended loan and credit terms designed to take advantage of quality growth opportunities. Businesses signing up to the package can re-invest the cash into their operation for expansion, new staff, equipment, machinery and commercial development.
Yorkshire Bank’s West Yorkshire FSC, Canal Road, which covers Bradford, Kirklees, Calderdale and up to Craven district, comprises 45 staff in multi-discipline teams encompassing corporate banking, private wealth management, treasury services and credit and operates a traditional method of banking with funding from deposits used to support investments in the local community.