Dexel Tyre and Auto Centre rolls out expansion plans with seven-figure funding deal

Family owned and operated Dexel Tyre and Auto Centre has secured a £1.07m funding deal with NatWest to support its business growth strategy.

The Sheffield-based firm provides a range of automotive and tyre services for both retail and commercial customers. Services include MOTs, servicing, exhaust fit-out and repairs.

Operating out of 12 branches throughout South Yorkshire, Lincolnshire and North Nottinghamshire, the company currently employs 130 people.

As part of the funding deal, Dexel Tyre and Auto Centre is purchasing three depots in Lincolnshire to secure its long-term business prospects in the region. The firm has been a NatWest customer since its incorporation more than 50 years ago.

James France, managing director at Dexel Tyre and Auto Centre, said: “We are a family owned and operated business which is focussed on providing excellent customer service across a range of products for all vehicle types.

“We had been looking at ways to purchase the depots for a number of years and NatWest was able to provide a loan which essentially provides us with the cash flexibility we need to invest in the business for the future. The bank has a strong understanding of what our business goals are and has always been able to provide funding in a number of ways to help us achieve our goals. This latest agreement is the newest example and will help us move forward as a business.”

Graham Nevin, senior relationship manager at NatWest, who supported the deal, added: “Dexel Tyre and Auto Centre has been providing outstanding service to customers for more than 50 years and we believe this funding agreement will enhance its further business aspirations. We wish Dexel Tyre and Auto Centre 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.