£1m funding boost to grow equipment fleet at Wolverhampton firm McAuliffe
A leading environmental contracting specialist based in Wolverhampton has invested in new, sustainable machinery after securing a £1 million hire purchase facility from Lloyds TSB Commercial Finance.
McAuliffe, which was established 40 years ago, helps customers prepare brownfield sites for future development.
The family-run business, which has a second office in Cheshire, provides customers with services including soil and groundwater remediation, materials management, ground improvement and demolition services.
The firm, which has an annual turnover of more than £6 million, has experienced a planned period of growth after completing projects including the Tipton Station West Coast Mainline earthworks and the former Cape Hill brewery bevelopment. To deliver this the business needed to accelerate its plans to expand, but this relied upon investing in new machinery.
Following its £1 million investment in 2011/2012, which saw the introduction of a new Komatsu fleet, McAuliffe is expanding its existing fleet and also adding Volvo off and on road trucks.
To enable McAuliffe to purchase its new equipment, the business approached its long-term banking provider Lloyds TSB Commercial Banking, which worked with Lloyds TSB Commercial Finance to provide the asset finance facility to allow the firm to continue its investment.
Among the new equipment is 3D GPS guided technology to the business’ fleet, which transfers data between the machines on site and the head office. And the new Komatsu 36-tonne demolition excavator in economy mode can provide fuel savings of up to 20 per cent.
The business, which has 40 employees, plans to upgrade and further expand its equipment portfolio over the next 12 months.
John McAuliffe, managing director at McAuliffe, said: “With over 40 years of experience in an evolving construction sector, we have developed an innovative selection of cost reducing solutions for our customers, who range from national house builders and contractors to food manufacturers.
Delivering
“Access to top-of-the-range modern and reliable equipment is essential for us to continue expanding and delivering for our clients. The support of the Lloyds TSB Commercial Finance team means we can focus on sales growth in the Midlands and North West.”
Keith Moore, regional manager at Lloyds TSB Commercial Finance, said: “The new machinery will enable McAuliffe to keep a step ahead of its competitors and make savings on reduced fuel consumption.”
Mike Middleton, relationship director at Lloyds TSB Commercial Banking, added: “With the introduction of this new machinery, we hope that the business will continue to go from strength to strength.”