Vanarama, the UK’s largest independent commercial vehicle broker and the leading supplier of new vans to professional trades, have launched a four year bond.
Using the world’s leading investment crowd funding platform Crowdcube, the sponsor of The National League aims to raise £3.4 million to fund the next stage of their growth – investing in a significant stock of new commercial vehicles so customers can get their new van in three days – disrupting the longstanding industry norm of three weeks. The Bond offers 8% p.a paid quarterly over four years.
Commenting on the growth of Vanarama since it was founded in 2004, Managing Director Andy Alderson said: “The commercial vehicle sector in the UK is predicted to grow by 10-12% this year alone. In 2014 our market grew by 11% whereas our sales volume grew by 56%. Our turnover in 2015 is £18 million, an increase of 76% on 2014.
“We’re a strong, customer focussed brand that continues to invest heavily in our internet platform so that customers can find their vehicle online, access a quote in seconds and order their new van in minutes.
“We invest heavily in bricks and mortar too, employing 95 people at our head office in Hemel Hempstead, with 52 field-based regional offices throughout the UK. Our Group Chairman is David Bernstein, former Chairman of The Football Association and current Chairman of Ted Baker.
“We’re now embarking on the next stage of our growth, aiming to do something our industry has never managed to do before; namely to deliver a new commercial vehicle to a customer within three working days rather than the industry standard of three weeks. The Vanarama Bond will help us to achieve this ambitious aim. Our customers are time pressed and their van is vital to their business. Speed of delivery is crucial.
“We’re meeting a real customer need and in doing so should strengthen our position at the top of the leader board.”
When investing in a business it’s always best to do your research and understand what the company does and their position in the marketplace – to find out more about the Vanarama business visit www.vanarama.co.uk/bond