Doncaster firm creates 15 new jobs with premises move

Mobile Installation Solutions, based in Doncaster, has moved to a 30,000 sq ft new premises and will be creating 15 new jobs, with support of a tailored six-figure funding package from Lloyds Bank Commercial Banking.

The company, which specialises in the sale and fitting of car and van accessories, is experiencing a period of significant growth since launching in 2003, with turnover expected to hit the £4m mark by the end of 2015.

Mark Warner and Stuart Parkin, the company directors, decided to move to a larger premises to increase their growth opportunities.

Relocating to the new site in Doncaster has consequently nearly quadrupled the company’s capacity, with 18 vehicle fitting bays now installed on-site.

The move has also allowed Mobile Installation Solutions to expand its services, and now offers in-house sign writing, metal and wood fabrication and respraying services to customers.

In addition, the company has won a series of new contracts as a result of the expansion and most recently took on Kirklees Council as a client.

Mark Warner director at Mobile Installation Solutions, said: “Moving to the new premises will provide a wealth of opportunities for our firm, helping us to continue with our growth plans over the next few years. To help capitalise on the increase in demand we’re due to create 15 new jobs over the next 12 months.

“Because of this new funding we’ve been able to relaunch our website and add additional products and services to it. As a result, we expect our sales to increase by 35 per cent by the end of this year.”

To company moved to the new premises with funding from Lloyds Bank Commercial Banking, which provided a six-figure loan through the Funding for Lending Scheme, through which customers can receive discounted lending for the life of their loan.

Mobile Installation Solutions also received a six-figure asset-based funding facility from Lloyds Bank Commercial Finance, which has allowed it to release capital from its assets that can then be invested in the company.

Stuart Parkin added: “Our relationship team at Lloyds Bank were an integral part of making the move a success, and took the time to thoroughly understand our business and its goals, offering tailored guidance and support when needed.”

Tom Wadsworth, relationship manager for Lloyds Bank Commercial Banking, also commented: “Mobile Installation Solutions has grown significantly over the past few years, with the management team constantly exploring new ways to expand services on offer to customers.

“It was obvious that their previous site was starting to limit their growth, so when they approached us for the funding for the new site, we immediately recognised how it would benefit the company and achieve their long-term ambitions.”

Lee McAllister, relationship manager at Lloyds Bank Commercial Finance, said: “Asset-based finance is perfect for growing businesses like Mobile Installation Solutions, as it allows them to drive growth without affecting day-to-day cash flow.”