Easi-Drive motors ahead with new bank funding

ACCIDENT management firm Easi-Drive has secured a £4m-plus loan from Yorkshire Bank to help with its continued expansion.

The Wythenshawe-based company, which achieved a pre-tax profit of £2.1m on turnover of £14.1m in the year to March 31, works with major insurers and motor companies across the UK offering a one-stop accident management service.

It provides including vehicle recovery, damage assessment, replacement vehicles, insurance company liaison, repairs and personal injury advice for customers whose vehicles were involved in non-fault accidents.

Yorkshire Bank’s new  has provided new loan and overdraft facilities as well as £2m of asset finance to allow the firm to expand its fleet of replacement vehicles.

Simon Bellamy, managing director of Easi-Drive, said: “As one of the fastest-growing accident management companies in the UK, this new funding package is integral to our continued expansion and will allow us to make a significant addition to our diverse fleet of replacement vehicles.”

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Peter Black, senior partner at Yorkshire Bank’s Cheshire Financial Solutions Centres, based in Wilmslow, added: “Easi Drive has a strong and focused business model with clear growth plans and we are delighted to welcome them as a member of Yorkshire Bank.”

Easi-Drive was founded in 2001 and has a broad fleet of vehicles that includes MPVs, 4X4s, taxis, commercial vehicles and prestige cars.