Car dealership acquires Twickenham site with funding from HSBC UK

Twickenham car dealership, Maxfield Kadlubowski has bought a 0.5-acre site with the support of HSBC UK.

Maxfield Kadlubowski has used a £1.85m funding package from HSBC UK to acquire the site in Twickenham that it has leased since inception and used for Mazda New car sales and Volvo aftersales.

The HSBC UK funded acquisition comes as part of the business’s growth strategy and will allow Maxfield Kadlubowski to expand the site and install two new ramps, enabling the company to complete an extra 500 Volvo car services per year. This is projected to increase revenue by 20 per cent over the next 12 months.

In addition, the acquisition of the site will create two new car technician job opportunities.

Prakash Muthiah, director at Maxfield Kadlubowski, said: “We’re delighted to now own our site as we continue to grow and expand our business in Twickenham. As a new customer to HSBC UK, the support has been invaluable and we’re looking forward to continuing our relationship together.”

Amit Tomar, senior commercial manager at HSBC UK, commented: “Maxfield Kadlubowski is a well-established car dealership and we’re pleased to be supporting them as they acquire their site in Twickenham, which will reinforce the company’s commitment to South West London.”

By Mark Adair – Correspondent, Bdaily

• Add me on LinkedIn and Twitter to keep up to date
• And follow Bdaily on Facebook, Twitter and LinkedIn
• Submit press releases to editor@bdaily.co.uk for consideration.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →