Login Register

Car spares firm Autoparts and Diagnostics opens head office in Tewkesbury thanks to funding

By Gloucestershire Echo  |  Posted: June 11, 2013

  • NatWest relationship manager Barry Chapman, right, with Tristan Seal, managing director of Autoparts & Diagnostics

  • NatWest relationship manager Barry Chapman, right, with managing director Tristan Seal

Comments (0)

CAR spares firm Autoparts and Diagnostics has grown its operations into Tewkesbury thanks to hundreds of thousands of pounds worth of funding.

The Gloucester-based company is to use the financial support from bank NatWest to expand into Europe and has opened a new head office and central warehouse in Tewkesbury, as well as a new branch in Yate.

Managing director Tristan Seal did not disclose the exact amount of funding, but said moving the head office to Tewkesbury would be an exciting restructuring exercise for the firm.

He said: "The company had reached a size where we needed to bring certain roles and processes under one roof, so we could hold an extended depth of ranges centrally, and further improve purchase price and supply times.

"The Tewkesbury site is the sort of building that doesn't come on the market very often and we jumped at the chance to acquire it."

He added the company has worked to align itself with a European buying group to gain access to major manufacturer brands.

The move is expected to reduce car spare delivery times from two hours to "on demand" for garages in the area.

The funding enabled a refit of the company's warehouse, the moving of stock and the rebranding of the business' delivery vehicles.

Barry Chapman, relationship director at NatWest's Cheltenham office and Steve Golding of Lombard, NatWest's dedicated asset finance division, dealt with the funding.

Barry said: "Autoparts and Diagnostics spotted a gap in the market for service-driven supply at a time when car repair needs a higher level of expertise.

"Their business model is entirely customer-focused, and provides a 360-degree service to local garages. We're delighted to be supporting them."

Autoparts and Diagnostics has grown steadily over the years and now has seven sites in strategic locations in the West Country – Gloucester, Cheltenham Spa, Cirencester, Bristol, Coleford, Yate and Tewkesbury.

Now in its second generation, the company is run by Tristan and his three brothers, sons of the original owner.

Read more from Gloucestershire Echo

Do you have something to say? Leave your comment here...

max 4000 characters

YOUR COMMENTS AWAITING MODERATION

 
 
 

MORE NEWS HEADLINES