Performance funding package from ThinCats for London luxury car dealership
GVE London Ltd, premier supercar dealership, has been supported with £1.6m in working capital funding by leading alternative finance provider for mid-sized SMEs, ThinCats.
Established in 2009 by owner and MD David Rai, GVE is one of the UK’s leading independent suppliers of luxury vehicles, providing a one-stop shop for the needs of buyers, owners and sellers of performance and luxury cars. The full dealership facilities in Uxbridge stock premium marques such as Ferrari, Lamborghini, Rolls Royce and Bentley, and offer sales and purchasing services, servicing & body shop repairs, detailing, Paint Protection Film and vehicle wrapping.
GVE has established a strong reputation for a very highly-rated customer experience, carefully growing a network of over 5,000 car enthusiasts and enabling the GVE team to match potential buyers directly with their dream vehicles.
The business was introduced to Thincats by Chris Ashcroft and Stephen Cockell at Ashmore Financial Ltd, advisors to GVE. Legal advice to Thincats was provided by Dan Webster, Partner at Irwin Mitchell LLP.
David Rai, MD, GVE London: “At heart we are a team of genuine car enthusiasts, who love nothing better than to match the perfect car with the perfect owner. There is a huge amount of experience across the team, and we are all passionate about providing the best service that we possibly can. The funding will enable us to develop this offering, and we are really looking forward to our next chapter.”
Chris Ashcroft, director, Ashmore Financial Ltd: “It has been a pleasure to introduce GVE to Gary, Alex and ThinCats. We knew that with ThinCats’ tailored approach and their ability to see beyond the algorithm they would be able to provide the funding that GVE needs to take them to the next level.”
Gary Nutley, senior director, London, ThinCats: “It has been fascinating to see inside the workings of a company which deals with such iconic cars, and David and his team show incredible commitment to their industry and their clients. I have no doubt that the funding will help drive their business to even bigger and better things – it will be exciting to watch.”
