Walsall-based Mobility Vehicle Hire Ltd (“MVH”) has quadrupled the size of its fleet to 100 vehicles following a hire purchase asset finance deal with Santander Business Banking. MVH is one of the UK’s leading suppliers of specifically adapted hire vehicles catering for the needs of disabled drivers and passengers.
Established in 2008, MVH was founded by the Director Juggy Kudhail to help provide a specialist, high quality of service to disabled drivers and passengers. The firm’s vehicles can be hired on a daily, weekly or monthly basis with a door-to-door delivery and collection services across the UK.
While the business has grown steadily over the past decade, demand has increased significantly in the past few years. The firm has recently relocated to new purpose-built offices in Walsall and staff numbers have risen four-fold to 12 full-time employees. Notably, the firm works with big organisations and councils, as well as the NHS, and is forecasting record revenue for 2018.
In addition to providing funding, Santander has helped MVH find new staff via Santander Universities Internship programme, which part-funds the placement of skilled interns.
Juggy Kudhail, Director at Mobility Vehicle Hire Ltd, said: “We have seen an increased demand for our vehicles, and we forecast that the sector will continue to grow in the future. It is a market that has long been underserved and we are well positioned to capitalise on this, with our specialist service. Santander has been instrumental in helping us realise our ambitions.”
Chirag Mistry, Relationship Director at Santander Business Banking, said: “We are delighted to support the team at Mobility Vehicle Hire, not only providing them with funding to help them expand their fleet, but also place skilled university interns to provide the support they need as they grow. It’s a fantastic company delivering a much needed service, and we look forward to supporting them in the future.”
Santander’s asset finance provides competitive funding options for SMEs looking at alternative ways to invest for growth. The bank’s national network of accredited, experienced relationship directors has helped thousands of companies across the UK to buy everything from company vehicles to IT software, plant and machinery to complete production lines.
-Ends-
The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.
Notes to Editors:
For media enquiries regarding Mobility Vehicle Hire Ltd please contact:
Juggy Kudhail T: 0845 293 2799 E: j.k@specialistvehiclerental.co.uk
Media Enquiries
Lara Lipsey T: 020 7756 4518 M: 07713 560 209 E: lara.lipsey@santander.co.uk
Josephine Dencker T: 020 7756 4221 M: 0759 2113877 E: josephine.dencker@santander.co.uk
The Santander Business Banking press office operates from 8.00am to 6.00pm. Outside of these hours please call 0800 5877708.