Friday, May 3, 2024

£3m funding package sees vehicle recovery business open new Derbyshire site

National vehicle recovery operator, Richford Motor Services, is opening a new site in Derby following a £3 million funding package from HSBC UK.

Established in 1990, Richford Motor Services provides 24-hour breakdown, repair, and recovery services for light and commercial vehicles, helping keep businesses on the road.

The 65,000 sq ft site will be Richford Motor Service’s twelfth UK depot, enabling the company to store vehicles in a more centralised location and minimise the time it takes to change and deploy vehicles to meet customer demand.

The new site will also create space for repair work and a body shop, allowing Richford Motor Services to hire up to 30 new employees in a variety of roles, such as recovery drivers, roadside tech’s, and car and commercial mechanics.

Philip Richford, director at Richford Motor Services, said: “The support from HSBC UK has enabled us to invest in key areas of our business, which will allow us to offer our customers in Derbyshire a quicker and more efficient vehicle recovery service whilst promoting our company growth.”

Chirag Makwana, relationship manager at HSBC UK, added: “Vehicles of all sizes play a key role in our lives. Supporting Richford Motor Services by enabling its expansion within Derbyshire will allow the business to continue offering reliable, consistent, and affordable vehicle breakdown support and repairs to customers of all sizes in the region.”

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