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Auto Capital secures over £9m from Metro Bank

Tom Belger | 07:30 Wednesday 12th September 2018

Metro Bank has provided Auto Capital with over £9m of funding to help the latter to grow its business.

The supplier of used commercial vehicles has used the debt facility to acquire new premises for its indoor van showroom in north London, which features over 300 vehicles.

Working capital facilities have also been provided to support Auto Capital’s day-to-day business operations and to help finance new stock.

Sulieman Adam, founder and managing director at Auto Capital, said that Metro had been key to its success.

“The team has been highly professional and offered us flexible terms and rates that very few banks can compete with. 

“The best thing about working with Metro Bank is the support you receive from the team, [which] truly wants to help you achieve your goals.  

“We're excited to strengthen our relationship with Metro Bank and work on even more projects in the future.”  

Mark Stokes, managing director of commercial banking at Metro Bank (pictured above), said it was delighted to have helped Auto Capital with the purchase of its new premises in Stanmore. 

“Since it launched in 2007, Auto Capital has made its mark as a strong-performing trading business, providing quality commercial vehicles across the UK.  

“We look forward to assisting with [its] continued growth over the years to come.”

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