Classic car firm drives growth with job creation and new premises thanks to seven-figure HSBC funding

A North Yorkshire classic car firm has boosted its growth strategy with seven-figure funding from HSBC UK.

Classic & Sportscar Centre in Malton has used the funding to purchase new premises, as well as expanding its workforce.

The family-run firm, established 28 years ago by Nick Szkiler and currently led by his son James, specialises in sourcing and restoring rare classic and sports cars

Comprising 30,000 sq ft of space, the new building will neighbour the firm’s existing showroom, providing additional space to house its restoration, servicing, body and trim division, Malton Coachworks.

In addition, the firm plans to recruit 10 new members of staff as well as expand its range of classic vehicles.

James Szkiler, CEO of Classic & Sportscar Centre, commented: “Since beginning a radical business growth plan five years ago, I have been focused on diversifying and developing our operations in a sustainable yet ambitious way.

“We’ve reached a point now where we are ready to take a significant strategic leap forward and the financial support we have received from HSBC UK enables us to do this.”

Stephen Smith, business banking relationship manager for North & West Yorkshire, HSBC UK, added: “This is an established business which has built a reputation in the region and across the UK for its expertise in sourcing and restoring rare classic and sports cars.

“Its plans for growth and expansion are built on a success story spanning more than a quarter of a century.

“We’re pleased to have been able to assist James and the team with their expansion plans and look forward to continuing to support them in the future.”

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