CMS Hire

Business bio 

Originally founded as a generalist truck repair and maintenance service provider, CMS Hire initially dealt with repairing refuse collection vehicles and front-end loaders for local authorities. When local authorities had their vehicles in repair, they expected courtesy vehicles, which opened the door to market expansion for CMS. With an increasing demand for vehicle hire, CMS Hire typically let vehicles on a one-year lease, with shorter-term leases available for seasonal requirements.

 

Loan Amount

£300,000

Region

Black Country 

Funding Need

Asset Purchase

Sector

Specialist Fleet Services

“This loan will be a catalyst for growth for our Company and enable us to purchase the vehicles needed to drive growth, expand our team, strengthening our ability to meet the forecasted high demand in our market.”

Sandra Cooper
Director at CMS Hire 

Growth and expansion

According to a report published by the BVRLA, the UK's vehicle rental and leasing industry contributes around £49 billion per year to the UK economy. The study also found the industry supports more than 465,000 jobs and generates £7.6bn in taxation annually. 

The CMS Management team are highly experienced in the waste collection sector and have ambitious yet realistic growth plans to capitalise on the shift towards city clean air zones. The loan will enable the specialist refuse vehicle hire and repair specialist to purchase new vehicles, grow its fleet of Euro 6 compliant engine Refuse Collection Vehicles (RCVs) and expand its customer reach with its expanded offering.The business will also create 25 new jobs in Wolverhampton which includes the hire of top tier management.

Could MEIF Maven Debt Finance help fund your growth journey?

If you’re running an SME business that’s looking to grow, we’d love to hear from you. Feel free to give us a call to find out more about our flexible funding solutions: 

0121 231 7125 Birmingham | 0115 697 6160 Nottingham

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