Chippenham Motor Company is to accelerate its expansion plans after acquiring the freehold of its headquarters on the town’s Bumpers Farm industrial estate.
The firm, established in 1996, bought the 29,000 sq ft building for what it described as a “significant seven figure sum”. Funding was provided by Barclays.
Chippenham Motor Company supplies thousands of new and used vehicles to a growing customer base across the South West.
It has five vehicle franchises – Citroen, Seat, Peugeot, Kia and Ford – as well as providing a wide range of used cars. This is backed up by a comprehensive range of aftersales services including business and fleet leasing options. The firm employs 70 staff at its Bumpers Way head office and a sister showroom on Chippenham’s London Road.
Managing director Adam Bailey said: “With the new financial structure in place, we intend to be pro-active in taking advantage of the opportunities the current climate presents.
“This is an important step for us and I’m pleased that we have been able to secure this site showing the company’s commitment to our customers, staff and suppliers.
“Barclays has been very supportive and continues to play an integral part of our business plans for continued strategic growth in the future.”
The funding package was put together by Barclays Corporate relationship director John Squier, who added: “Purchasing the premises they already operate from is a great move with the current low interest rates and shows confidence in their market.
“It’s important for Barclays to support a local company with a proven track record as it continues go from strength to strength. This deal demonstrates our appetite to provide funding to quality clients in what remains a competitive and challenging sector.”
Pictured, from left: Chris Stevens, Barclays relationship support manager, John Squier Barclays Corporate relationship director and Chippenham Motor Company managing director Adam Bailey