Vehicle recovery specialist to open 65,000 sq ft depot

A Derby-based vehicle recovery business is set to open its twelfth UK site after securing a £3m funding package from HSBC UK.

Richford Motor Services was founded in 1990. The company provides 24-hour breakdown, repair and recovery services for light and commercial vehicles at its sites across the Midlands, the North-East and Yorkshire.

The new 65,000 sq ft facility will allow the company to store vehicles in a more centralised location.

It will also include space for a body shop.

30 jobs are expected to be created at the new depot.

Philip Richford, director of 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.”