Fix Auto Mid Devon is in the driving seat following six-figure funding package from Lloyds Bank

Financial Services | Funding | South West | Transport & Distribution

Fix Auto

Car body repair specialist, Fix Auto Mid Devon, has expanded its operations with a second premises, thanks to a £200,000 funding package from Lloyds Bank.

Located in Crediton, the family-run business is part of Fix Auto’s international network of body shops and delivers expert car body and collision repairs for all types of vehicles across the local area. The business is an approved repairer for several large car insurers.

With the six-figure loan from Lloyds Bank, the business has equipped a new repair centre in Newton Abbot to create a larger geographic resilience following increased demand and advances in car technology.

The new 6,000 sq ft premises gives the car repair firm capacity to support vehicle repairs with Advanced Driver Assistance Systems and provide the technology to repair and maintain electric and plug-in hybrid vehicles.

The additional site will allow the business to recruit more technical staff from across Devon, taking the total headcount up to 42.

Fix Auto Mid Devon has been a client of Lloyds Bank for over half a century and its support has enabled to business to grow significantly with an annual turnover of £2.5m

Louise Woolacott who runs the business alongside her daughters Alena and Erika, said: “We started looking for a second site over four years ago, after outgrowing our main operations in Crediton. Car body repairs are becoming increasingly more technical, and we need the additional space to continue to service advanced vehicles.

“We’ve banked with Lloyds since the business was founded by my parents-in-law over 50 years ago and with their continued support and guidance we’ve been able to grow and expand the business successfully.”

Martin Potts, Relationship Manager at Lloyds Bank, said: “Having worked with Fix Auto Mid Devon since they started out, we’re incredibly proud to have helped them grow the business to the successful car repair firm it is today. The motor repair industry is fast-moving and expanding the business’s premises will allow the team to be best placed to keep pace with technological advances.”

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