BioMarsh Environmental, established in 1972, is set to add 10 drivers to its 5-man team in Scotland, giving the firm the increased reach required to tender for more business north of the border, after initially entering the Scottish market in June 2016.
The family-run, Essex-based business provides liquid waste disposal, sewer clearing and drainage surveys to both domestic and commercial clients in Scotland and across the UK.
Using a hire purchase facility from Bank of Scotland’s Commercial Finance team, the firm bought 20 new trucks to replace 10 older models - expanding its fleet from 70 to 80. The deal enabled BioMarsh Environmental to buy the vehicles without affecting its day-to-day cashflow.
The state-of-the-art vehicles will also ensure the growing business meets the new Euro 6 emissions standard, which has halved the amount of nitrogen oxides that a diesel vehicle can emit.
Martin Travers, director at BioMarsh Environmental, said: "The investment we’ve made in our fleet is going help us create more jobs for local people and perfectly positions us to capitalise on the exciting commercial opportunities we’ve identified in Scotland.
"As a business we’re committed to the latest technology, and our new vehicles will also ensure our operation remains sustainable and environmentally-friendly."
Nathan Harrod, regional manager at Lloyds Banking Group, said: "BioMarsh Environmental is a great example of a successful SME business that has recognised the benefits of using asset finance to purchase vital vehicles without damaging its cashflow, leaving it free to focus on accelerating its growth.
"We’re committed to supporting small to medium sized businesses like BioMarsh Environmental that are delivering economic growth, and to underline this, we’ve grown our net lending to SMEs by 28% since 2011, while the wider market declined at 13%."
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