Hire purchase helps plumbing business run smoothly

Date: 08-06-2016

“The three vans we’ve acquired using the Hire Purchase facility from Lloyds Bank Commercial Finance give us peace of mind on the road as we go about our daily work.” Phil Brown, Partner, Brown & Murray.

Shrewsbury plumbing and heating business Brown & Murray employs six people, including partners Phil Brown and Timothy Murray. Their business means they are out on the road at all times answering call-outs and routine appointments.

Joined-up approach

As the company’s two vans were reaching the end of their useful, reliable lives, Phil, in the first instance contacted Lex Autolease, part of the Lloyds Banking Group. After an initial discussion of the company’s needs revealed that it wished to own its vehicles, Phil was swiftly and seamlessly referred to the Lloyds Bank Commercial Finance team as they could provide a more suitable solution to businesses needs.

“We knew exactly what we wanted, and had already found the three vans we wished to buy,” explains Phil. “However, we needed finance.” 

Quick service for peace of mind

Lloyds Bank Commercial Finance agreed a Hire Purchase facility for £39,865 on the same day, with the transaction entirely complete a mere 16 days later. Relationship manager, Anita Woodward, explains: “With an advance in place from the Bank, Brown & Murray also benefited from a reduced deposit and an excellent deal from the garage.”

“The three Renault Traffics we’ve acquired using the Hire Purchase facility from Lloyds Bank Commercial Finance have given us peace of mind on the road as we go about our daily work,” says Phil. “I’m pleased – the process was very quick, smooth and straightforward.”

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Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 0207 626 1500.

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