Home Business NewsBusinessAutomotive News Auto body shop expands operations with £1.8 million funding from HSBC UK

Auto body shop expands operations with £1.8 million funding from HSBC UK

by LLB Finance Reporter
10th May 23 1:23 pm

London-based crash repairs company, Auto Crash Repairs, has acquired its site of operations with support from HSBC UK.

Auto Crash Repairs utilised a £1.8m funding package from HSBC UK to acquire the 15000 sq. ft site in Wembley that it has leased since 2017.

The HSBC UK funded acquisition will allow Auto Crash Repairs to utilise full capacity of its premises and offer a range of new services which were previously outsourced, including alignments, and air conditioning on vehicles.

Auto Crash Repairs’ acquisition of the site and subsequent new services will create up to 10 new job opportunities across the business.

Balraj Singh Daheley, Director at Auto Crash Repairs, said: “Over the last few years, vehicle repair garages in the local area have declined, so we’re delighted to have acquired our premises in Wembley, which will allow us to provide our customers with new services. The support from HSBC UK has been invaluable in allowing us to fulfil our growth ambitions.”

David Cox, Relationship Manager at HSBC UK, added: “Auto Crash Repairs is a well-established business, and we are pleased to have been able to support the acquisition of this site. Our funding will allow the company to expand its service offerings and increase its capacity, which is fantastic for the business and its customers in the local area.”

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