Leicester-based D & M Tankers, who focus on liquid waste disposal across the East Midlands, has secured asset finance funding from Cambridge & Counties Bank to acquire a new vehicle.
The funding was secured through D & M Tankers’ long-time finance broker, Simon Moult of Leicestershire based All Finance Solutions.
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Established by Darren Mayes in March 2007, D & M Tankers has become a major player in the waste disposal sector, including cesspit and septic tank emptying, high-pressure jetting and CCTV drain surveys. The firm has established on-going relationships with a large number of corporate clients including Tarmac and Breedon Aggregates.
While the business has previously rented a vehicle, the funding from Cambridge & Counties Bank has allowed it to purchase a hi-tech DAF CF 340 FAT truck with a 3,000-gallon jet vac combi unit. The new vehicle will not only allow the firm to deliver more services to a wider client base, it will also save on rental fees, is considerably more efficient and means that less drops are required.
Arshad Miah, business development manager at Cambridge & Counties Bank, said: “We are delighted to be able to support Darren and his team to capitalise on strong demand and purchase this new truck. Having the right assets at the right time is key to keeping businesses competitive and thriving, and we’re proud to be able to deliver timely and suitable finance so our customers can acquire the assets they need at a point that suits them.
Mayes said: “We’re thrilled to be able to make this investment at this key time in the business’ growth story. The service from both Simon at All Finance Solutions and Cambridge & Counties Bank has been exceptional and we are now focused on maximising the impact of our new vehicle for the benefit of our clients in the East Midlands.
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By GlobalData“I would also like to thank Simon Moult of All Finance Solutions for bringing this new customer to us and look forward to building on this relationship going forward.”
This month Cambridge & Counties Bank reacted to the current competitive asset finance market conditions by waiving certain fees in order to attract more business and grow market share.
It hopes to attract more business through waiving its documentation fee for all asset finance classes (excluding classic car finance) on applications received and approved during July, August and September.
