Xtra Mini Coach Hire en route for expansion via Business Direct credit facility
A Lanarkshire-based private hire taxi firm has boosted its prospects after switching banks and receiving a new credit facility to help it increase its capacity in the lucrative luxury travel and tour markets.
Xtra Mini Coach Hire in Carluke has agreed a package of credit and business support with its new banking provider Clydesdale Bank in order to invest in more luxury vehicles for its growing executive transport and bespoke tours revenue streams.
The investment comes after the family-run business has seen a significant increase in demand for executive mini coach hires, as well as luxury tours and travel. It already provides services across the whole spectrum of mini coach hire – from school run contracts and corporate travel to stag or hen trips and weekend work — and part of the facility will help it to enhance these services as well.
Xtra Mini Coach Hire was looking for a new banking provider after disappointing service from its previous supplier and chose Business Direct from Clydesdale Bank for its small business expertise. The new account and credit facility was arranged by Gerard Glackin, business development manager at Business Direct.
Margaret Carr, owner, said:
“Our old bank was difficult to get in touch with and didn’t offer much in the way of business advice or support. Clydesdale Bank’s expertise in supporting small businesses has helped tremendously in structuring a credit facility which will enable us to grow sustainably. Having a named relationship manager has made all the difference for us, while the access to professional meeting facilities has already benefitted our business by helping us to impress potential clients. We’re very happy we made the switch.”
Gerard Glackin, business development manager for Clydesdale Bank’s Business Direct team, said:
“Xtra Mini Coach Hire has an exceptionally dedicated and knowledgeable team leading it, which is evidenced by its success in highly competitive markets. It has identified a number of existing and new market expansion opportunities, and we are very pleased to be able to support it in its ambitious growth plans.”