Auto body specialist Fix Auto Mid Devon has expanded to a second location, thanks to £ 200,000 funding from Lloyds Bank.
Located in Crediton, the family business is part of Fix Auto’s international body shop network and provides body and collision repairs for all types of vehicles. The company is an authorized repairer for several major auto insurers.
With the six-figure loan from Lloyds Bank, the company has equipped a new repair center in Newton Abbot to create greater geographic resilience in the face of increased demand and advances in automotive technology.
The new 6,000 square foot facility gives the auto repair business the ability to support vehicle repairs with advanced driver assistance systems and provide the technology to repair and maintain electric and hybrid vehicles rechargeable.
The additional site will allow the company to recruit more technical staff across Devon, bringing the total workforce to 42.
Fix Auto Mid Devon has been a client of Lloyds Bank for over half a century and his support has enabled the company to grow significantly with annual turnover of £ 2.5million.
Louise Woolacott, who runs the business alongside her daughters Alena and Erika, said: “We started looking for a second location over four years ago, having moved beyond our main operations at Crediton.
“Auto body repairs are getting more and more technical and we need additional space to continue to maintain advanced vehicles.
“We have used Lloyds since my in-laws started the business over 50 years ago and with their continued support and guidance we have been able to develop and grow the business successfully. “
Martin Potts, Relationship Manager at Lloyds Bank, said: “Having worked with Fix Auto Mid Devon since their inception, we are incredibly proud to have helped them build the successful auto repair business that it is. today.
“The auto repair industry is changing rapidly and the expansion of the company’s premises will allow the team to be best positioned to keep pace with technological advancements.
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