Cullimore Group builds for the future with Lloyds Bank07 August 2017

Aggregate and transport business The Cullimore Group is opening a new quarry and has added a total of seven new vehicles to its fleet, with the help of Lloyds Bank’s commercial banking division.

The vehicles joining its 80-strong fleet cost £750,000, part of a £1.9m overall funding package from the bank.

Lloyds Bank provided Cullimore with a hire purchase facility, allowing the operator to buy the new vehicles with little impact on day-to-day cash flow.

They are a Scania P410 CB 8x4 tractor, a DAF CF400 FAD tipper, a DAF XF 460 FTG, two DAF chassis with Hymix concrete mixers, one DAF chassis with a Bagging body and a DAF XF Heavy under lift 6x2 c/w crane.

Gloucestershire-based The Cullimore Group has been run by the same family for three generations. Managing director Moreton F Cullimore (pictured) says: “I’m very lucky that the things my grandfather and my father did created such a strong, stable company for me to work with and develop in new ways… We’ve been with Lloyds Bank for as long as I can remember – we’re a reputable, friendly business and we like to deal with the same.

“The bank has been very supportive, and we’re always talking with our relationship manager to find out what products and services could benefit us in the future. Being able to buy our new trucks through a hire purchase facility has meant that our cash flow hasn’t been impacted. It’s a really helpful way for us to spread the cost of such a large investment.”

Laura Cork

Related Companies
Lloyds Bank Commercial Finance Ltd

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