GLOBAL Autocare is to expand into new premises in Leeds to consolidate its existing business operations and prepare for its “next phase of growth”.
With backing from NatWest, the firm will expanded into new premises on Gelderd Road. This is the company’s fourth premises and it said it expects to create new jobs this year.
A spokeswoman for the company said that the plan is to consolidate all operations into the new building, but that it also has the option to retain some of the existing premises if required. Global expects to begin its move into the new 157,000 sq ft property in May.
The Leeds-based business, which counts daily rental, contract hire, maintenance, fleet management, vehicle movements, storage and sales among its customer offering, operates within both the corporate and trade markets.
Clients include Zenith, Lex, Alphabet, Principle Group, Lloyds Banking Group, KPMG and Carlsberg together with businesses around the Yorkshire area. The company, which was founded in 1997, currently has a fleet of over 1,100 daily rental vehicles in addition to its longer term contract fleet.
Finance and operations director, David Sadler, who joined Global in May last year, said: “Global is a national organisation with a strong local presence. We are fast-growing but look to safeguard the family culture Geoff (Bloore, owner of the business) has worked hard to build. To date, it’s been about preparing for growth.
“The move to the Gelderd Road facility will see us shift our plans up a gear – it’s a very exciting time.”
The business, which employs 65 people, said it has recorded “consistent year-on-year growth”, but declined to disclose turnover.
Mr Sadler worked with the NatWest Leeds commercial team to secure a multi-million pound banking facility for the purchase of the new premises. The funding was provided under the Bank of England’s Funding for Lending scheme, which offers banks and mutuals cheap finance if they lend on to households and businesses.
Global has grown its fleet over the past couple of years after securing asset finance funding from NatWest’s partner company, Lombard.