NatWest funding provides LGI Automotive with showroom success

LGI Automotive, the motorbike retailer, has opened a new Honda motorbike showroom with NatWest support.

The Sheffield-based firm, which specializes in the sale, maintenance and repair of motorcycles and related parts and accessories, operates out of two retail outlets – one in Sheffield, which contains the new showroom, and one in Chesterfield.

Established in 2012 as a Piaggio/Vespa dealership, LGI Automotive has expanded to sell a range of bikes including Hondas, Moto Guzzi and Aprilia.

A total of 10 people work at LGI Automotive and new jobs were created following the opening of the showroom earlier this year.

Matthew Gilder, the company director, said: “The new showroom has been a great success in its first few months. We have had record highs in sales on two occasions, with overall sales exceeding £1m since the beginning of 2015.”

Matthew obtained funding for the new showroom with them assistance of NatWest relationship manager Jon Plumtree. Jon acquired a six-figure Commercial Mortgage to support the showroom opening and also worked with the bank’s asset finance partner Lombard, who provided funding for new kit.

Matthew said: “Jon has been very good to work with and we know we can turn to him for advice to grow the business further.”

Jon added: “I was delighted to support LGI Automotive on its purchase of a new showroom. The business continues to thrive and I wish the business every success for the future.”

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.