A Gloucestershire, UK, oil distributor is moving to brand new purpose-built premises which have been funded long term by Clydesdale Bank.
Hobbs Bros, based in Gloucester, was established more than 100 years ago and is a fourth generation family business. It distributes Texaco Fuels and Chevron and Exol lubricants throughout the Gloucestershire and North Wiltshire area, supplying domestic heating oil, commercial fuels, agricultural fuels and lubricants.
The funding, arranged by relationship manager John Cary, is part of Hobbs Bros’ transfer of its full banking to Clydesdale Bank. The business moved from its previously rented premises on Hempsted Lane to new purpose-built premises on a two acre site at Spinnaker Road, Gloucester. The new site has storage for two 200,000l gas oil storage tanks, two 200,000l kerosene storage tanks and a 150,000l tank for diesel and premium paraffin.
Company owner Mark Hobbs says: ‘We had been in talks with Clydesdale Bank before, and decided now was the right time for us to transfer our full banking to them. We are confident that the move to the new premises will allow us to continue to provide the highest quality of service to our customers throughout Gloucestershire.’
Rob Spearman, head of Clydesdale Bank’s Business and Private Banking Centre in Gloucester, says: ‘Hobbs Bros is a well-known, respected business in Gloucestershire which has always ensured that the local community has a regular supply of fuel and heat. We are very pleased to have embarked on a new banking relationship with this business and we’re delighted they were able to take advantage of one of the new lending initiatives we launched this year to help purchase their new premises.
‘As economic conditions continue to improve, Clydesdale Bank remains focused on supporting the growth ambitions of Gloucestershire’s businesses.’
Clydesdale Bank recently launched a series of lending initiatives for UK businesses, designed to encourage growth for new and existing customers. As well as capital-free periods for up to five years, the bank has also introduced high percentage funding for businesses to purchase trading premises.