Supporting an established business
Paul Watson Motors is a family run business that has been established for 20 years in the used car sales and vehicle maintenance industry, with Director, Paul Watson, having been working in the industry for over 37 years.
The company prides itself on a friendly and personal service, as well as high levels of customer retention and consistency, qualities which have kept the business growing and successful through all trading conditions.
The right solution for the customer
Company Director, Paul Watson, sought out assistance from Charles Wallace at Close Brothers Asset Finance as he was looking for an opportunity to increase stock as well as transact more business, in order to further grow the company.
Charles was able to arrange a stocking facility for Paul Watson Motors, enabling them to focus on stocking their showroom and potentially increase sales, as well as offering the opportunity for Paul Watson Motors to be able to sell on any repossessed vehicles via the Close Brothers Asset Finance ‘Assets for Sale’ service.
Close Brothers Asset Finance were able to assist Paul Watson Motors in selling vehicles quickly via the ‘Assets for Sale’ service, and to date Paul Watson Motors have sold over £100,000 worth of vehicles via this service.
Paul Watson Motors have also been able to quickly release funds into the business and having built a strong relationship, now continue to work on an ongoing basis with the team at Close Brothers Asset Finance.
Commenting on the deal, Paul Watson, Director at Paul Watson Motors said: “Having looked into the options available to us within the finance industry, we felt Close Brothers were the best match for our needs, and working closely with Charles, we were able to obtain a suitable and flexible finance solution.”