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Finance secured for established coach operator – Commandery Coaches Ltd

Commandery Coaches Ltd is a well-established coach operator in the Worcester area that has been trading for around 40 years.

The family run business prides itself on their traditional values, putting the care, comfort and safety of their clients first.

The right agreement

Commandery Coaches are a new customer, they were introduced to Simon Beare, a Regional Sales Manager for Close Brothers Asset Finance. Simon worked with the business to help better understand their needs.

The coach operator found themselves under pressure to add a further vehicle to their fleet in order to service some of their school contracts and rail replacement services. This vehicle would have to comply with the Public Service Vehicle Accessibility Regulations (PSVAR) as non-compliance is a criminal offence under the Equality Act 2010, it would have also resulted in Commandery Coaches losing these valuable contracts.

The vehicle the company was looking to add to their fleet was a Mercedes Tourismo Access 59 Seat PSVAR Coach, due for delivery in January 2022.

The vehicle ticks all the PSVAR boxes including a wheelchair lift, additional handles and an electric destination board on the front.

The result

Simon Beare was able to help secure funding for the business. This allowed Commandery Coaches Ltd to acquire another vehicle that met PSVAR regulations, allowing the company to keep operating their school contracts and rail replacement services.

Simon commented: “Working with our customers to achieve their expansion goals is always a pleasure. In this case with Commandery Coaches we were able to achieve a great deal in a timely manner to help fund their new PSVAR Coach. The deal was straightforward and has allowed the team at Commandery Coaches to continue their growth.”

“Simon at Close Brothers has been great to work with, providing quick decision-making and enabling us to expand our business in the way that we wanted to. We will continue to work with Simon and Close Brothers Asset Finance to finance further vehicles, continuing the growth of our business in the future.” Martin Rowley, Director at Commandery Coaches Ltd