Collision firm to grow fleet
AN Ormskirk-based business which specialises in providing replacement vehicles to drivers involved in car accidents has landed a new multi-million pound finance package from Yorkshire Bank.
Direct Accident Management provides cars and motorbikes to people involved in non-fault collisions. The company, which has a turnover of £14m, currently has a fleeet of more than 600 cars and 225 motorbikes but is looking to add to this after agreeing new financing with Yorkshire Bank, which takes over from incumbent Nat West.
The company’s managing director, Ian Robins, said: “These new banking facilities provide us with the right mix of financial support to meet the growth requirements of the business.
“The working capital funding means we can further increase the size of our fleet and offer our services to an even larger number of motorists.”
Chris Pestell, business development partner at Yorkshire Bank, said: “Direct Accident Management has grown significantly in recent years to become a nationwide operation with an incredibly effective business model. The funding we are providing will allow the business to take advantage of new growth opportunities as it continues its expansion.”
Direct Accident Management was founded in 1996 with a fleet of just six vehicles. The firm now employs 105 staff and offers a 24-hour, UK-wide vehicle replacement service.
