A London-based travel business has invested in five new vehicles with the support of a £1.4m hire purchase facility from Lloyds Bank.
Headquartered in Tower Bridge, Anderson Travel began operating in 1988 as a coach hire service.
It has since extended its offering to coach tours, day excursions and short breaks across the UK and Europe. It also has a depot at Heathrow Airport and has a total fleet of over 40 vehicles.
The hire purchase facility has enabled the business to buy five Scania Interlink coaches which will modernise its fleet whilst complying with Euro 6 regulations, that state all new vehicles need to meet stringent emission requirements.
Two of the Scania vehicles will be branded and used as team coaches for the London Broncos Rugby League team, transporting them to and from all away games.
Both are fitted out to team bus specification and have tables throughout. There is also a full kitchen and drinks facility, and an on-board WC.
The business currently has a turnover of almost £8m, and employs a total of over 100 members of staff.
Mark Anderson, director of Anderson Travel, said: “Having started the business with just one coach almost thirty years ago, we have grown our core offering to tap into London’s tourism sector, and capitalise on the proximity and demand for travel to and from this great city.
“With new legislation in place, it’s another opportunity for us to invest in our business to ensure we are at the forefront of industry change.
“The hire purchase facility will allow us spread out payments so we don’t have to make a large capital investment at one time, enabling us to manage our cash flow more effectively.”
Nathan Harrod, regional manager at Lloyds Bank Commercial Banking, added: “Anderson Travel has a history of evolving the business, and its latest investment in new, more environmentally friendly vehicles is another example of its forward-thinking approach.
“We are committed to supporting businesses like this, which are going from strength-to-strength, as part of our wider plan to help Britain prosper.
“We’ve grown our net lending to SMEs by over 30 per cent across the last six years, to ensure that more companies can benefit from tailored support options.”
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