Case Study Asset Finance for D & M Tankers Ltd

Leicestershire based D & M Tankers Ltd, specialists in liquid waste disposal across the East Midlands, secured asset finance funding to acquire a new specialist vehicle and help expand the business. Established by founder Darren Mayes in March 2007, D & M Tankers has become a major player in the waste disposal sector, including cesspit and septic tank emptying, high-pressure jetting and CCTV drain surveys. The firm has established on-going relationships with a large number of corporate clients including Tarmac and Breedon Aggregates.

While the business has previously rented a vehicle, the funding from Cambridge & Counties Bank has allowed it to purchase a hi-tech DAF CF 340 FAT truck with a 3,000-gallon jet vac combi unit. The new vehicle will not only allow the firm to deliver more services to a wider client base, it will also save on rental fees, is considerably more efficient and means that less drops are required.

All Finance Solutions has seen strong demand for its competitive asset finance products from SMEs looking for flexible funding solutions. One of the key benefits of asset finance is that, while a lot of companies rent equipment, asset finance facilities allow them to own the equipment outright which can accelerate growth.

“We’re thrilled to be able to make this investment at this key time in the business’ growth story. The service from both Simon at All Finance Solutions and Cambridge & Counties Bank has been exceptional and we are now focused on maximising the impact of our new vehicle for the benefit of our clients in the East Midlands.”

Darren Mayes of D & M Tankers Ltd

“We are delighted to be able to support Darren and his team to capitalise on strong demand and purchase this new truck. Having the right assets at the right time is key to keeping businesses competitive and thriving, and we’re proud to be able to deliver timely and suitable finance so our customers can acquire the assets they need at a point that suits them."

Arshad Miah, Business Development Manager, Cambridge & Counties Bank

I would also like to thank Simon Moult of All Finance Solutions for bringing this new customer to us and look forward to building on this relationship in the future.”

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All Finance Solutions Ltd is an authorised credit broker and not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We work with a panel of lenders (whose particulars will be supplied upon request) to find a potentially suitable product. We are not independent financial advisors and so are unable to provide you with independent financial advice. All Finance Solutions Ltd will receive commission or other benefit from the finance provider if you decide to enter into an agreement with them. The amount of commission received and the effect on the interest you pay will vary based on the following possible factors including (but not exclusive to) asset type, product chosen and customer circumstances.

All Finance Solutions Limited, registered at 39 The Leys, Countesthorpe, Leicestershire, LE8 5PJ. Company Register number 11347434
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