- Vanarama bond to deliver £3.4m
- Money to be raised through Crowdsource
- Bond will help buy new stock to revolutionise delivery times
- 3 day turnaround on new vans
VANARAMA the UK’s largest independent commercial vehicle broker and the leading supplier of new vans to professional trades, has launched a four year bond.
Using the world’s leading investment crowd funding platform Crowdcube the brand aims to raise £3.4 million to fund the next stage of the firm’s growth – investing in a significant stock of new commercial vehicles so customers can get their new van in three days – disrupting the longstanding industry norm of three weeks.
The bond offers 8% p.a paid quarterly over four years. Commenting on the growth of Vanarama since it was founded in 2004, managing director Andy Alderson said:
“The commercial vehicle sector in the UK is predicted to grow by 10-12% this year alone. In 2014 our market grew by 11% whereas our sales volume grew by 56%.
Our turnover in 2015 is £18 million, an increase of 76% on 2014.
“We’re a strong, customer focused brand that continues to invest heavily in our internet platform so that customers can find their vehicle online, access a quote in seconds and order their new van in minutes.
“We invest heavily in bricks and mortar too, employing 95 people at our head office in Hemel Hempstead, with 52 field-based regional offices throughout the UK. Our group chairman is David Bernstein, former Chairman of The Football Association and current Chairman of Ted Baker.