Lombard, the asset finance division of Royal Bank of Scotland,
has agreed to a £3 million (€3.5 million) financing deal with
Moffat & Williamson, a Scottish coach operator, to renew its
fleet.
The Fife-based coach operator has launched a rolling programme
of investment in its 63-strong fleet, made up of school buses,
service vehicles and luxury coaches; and intends to acquire more
vehicles.
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“With the safety and comfort of our passengers of paramount
importance to our business, it is vital that we invest in our
fleet,” said JP Williamson, a director at the company.
Bryan Johnston, relationship director at RBS Business &
Commercial Banking in Fife, added: “Moffat & Williamson is an
impressive business which has a first-class approach to its
customers. The firm’s refusal to rest on its laurels by committing
to an ongoing programme of investment in its vehicles is indicative
of the management team’s desire to remain at the top end of the
market.”
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