Emergency services livery manufacturer obtains Finance Yorkshire business loan

A Hull-based company that supplies vehicle livery to the police and emergency services has received a £35k Business Loan from Finance Yorkshire.

Vehicle Livery Solutions, established in 2009, manufactures and supplies liveries for more than a quarter of the police forces across the country, and caters for private clients, including advertising business Clear Channel and Volker Rail.

Finance Yorkshire’s financial support has allowed the vehicle livery company to buy new vinyl cutting machines and a printer, as well as fund additional working capital.

With an £800k turnover, Vehicle Livery Solutions produces a range of reflective chevrons that enhance the visibility of vehicles. This has experienced an increase in demand due to new legislation, which requests that all vehicles stopping on the highway for works or inspections are equipped with high visibility rear markings.

Liveries are produced by breaking down vehicles into panels. Designers then produce a kit of vinyl parts that fit the contours of the body of the vehicle.

So far Finance Yorkshire’s total investments have created and safeguarded 9,240 jobs across the region, and generated private sector leverage of some £167 million.

Jonathan Parkin, finance director of Vehicle Livery Solutions, said: “We have had a very good start to the year with an increase in turnover and profitability. In part this is due to recent legislation that has increased demand for reflective chevrons, but we have also benefitted from a new website and improved efficiency from the new cutting machines.”

Alex McWhirter, Finance Yorkshire chief executive, added: “Our Business Loan investments consistently make a huge difference to the region’s SMEs, provided just at the right time to enable them to take their business to the next stage and grow even further. Our latest investment in Vehicle Livery Solutions demonstrates how Finance Yorkshire is continuing to invest in businesses across the Humber, contributing to the growing strength of the local economy.”

Ian Atkinson, investment manager at Finance Yorkshire, said: “We chose to invest in Vehicle Livery Solutions because it has a committed and experienced management team with an impressive track record. They are well-placed to take advantage of further growth in the market.”

Finance Yorkshire provides seedcorn, loan and equity linked investments, ranging from £15,000 to £2m to help a range of small and medium sized businesses to meet their funding requirements for growth and development.

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