Climatecars founder Nicko Williamson has
secured £200,000 (€225,274) through the asset finance side of
Clydesdale Bank to expand his company’s fleet of eco-friendly
hybrid cars.
Climatecars is set to grow in the financial
year 2011-12 by adding a further 45 cars to its fleet using the
line of credit from Clydesdale Bank.
Go deeper with GlobalData
The partnership between Climatecars and
Clydesdale Bank begins this month when Climatecars moves its
commercial banking to Clydesdale as part of their agreement.
Williamson said Climatecars would use the funding to expand its
fleet of environmentally friendly Toyota Prius cars that use hybrid
technology.
“The reason we use HP versus a lease or contract hire is the
Toyota Prius has 100 percent writing down allowances and as a
result we want to take advantage of these so choose to have the
vehicles on the balance sheet,” said Williamson.
ronan.mccaughey@vrlfinancialnews.com
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