Growing skip hire company used asset finance to purchase more vehicles
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About Ringwood and Fordingbridge (R&F)
Offering a wide a range of waste management services in Dorset, Hampshire and Wiltshire, R&F has an impressive fleet of eight lorries and over 500 skips.
Thanks to the professional standards it maintains across the board, the company has seen continued growth and success since its establishment in 2007.
What did they want to achieve?
With increased demand the company decided it was time to expand. Additional lorries would allow the company to deliver more skips across a larger area. They wanted to buy two new DAF lorries and an eight-wheel hook lorry to accommodate growth, so approached us for support.
How we helped
Thanks to our long-standing relationship with R&F, we understood what the company needed. We were able to provide them with £200,000 for the purchases they needed to fuel expansion.
"Lombard has been supporting my company since its formation and provided asset finance to allow me to invest in my first skip. The new vehicles are state-of-the-art and project the right image.
"Our Relationship Manager made the entire process simple and we will be returning to Lombard for further support as we continue to grow."
Managing Director, Ringwood and Fordingbridge
R&F were able to invest in the vehicles without affecting cash flow – important for a small business. Better fuel efficiency and reliability of the new vehicles will help them save on their monthly outgoings and a larger fleet allows the company to take on more orders.
This potential growth in business will also help the community. R&S only hires employees from the local area, boosting the local economy and supporting residents.
Three new vehicles purchased to meet growing customer demand.
Ongoing with both us and with the local community.
Modern vehicles uphold the high standards across the company.