Buckinghamshire Mazda Ltd
Region: South East
Programme: Enterprise Finance Guarantee
Buckinghamshire Mazda Ltd is an Aylesbury-based car dealership which has traded successfully for many years under the name Lodge Garage. The company has a strong new and used car sales business and provide servicing and body shop work.
Having undertaken a detailed strategic review of the business model with the help of external consultants, Managing Director Floyd Timms identified a range of opportunities to grow and improve the business, all of which which would require further investment. These included new workshops, a new MOT bay, upgrades to signage and staff training and development, and a new reporting systems to aid performance monitoring and to incentivise top performance.
In March 2017 Buckinghamshire Mazda secured a £200,000 EFG-backed loan via Lloyds Bank after a full review of the new business plan.
Floyd Timms commented: “I could see the growth and opportunity that this suite of reforms offered to our business, but knew that we could not provide the security that the bank would require for the loan. The Enterprise Finance Guarantee programme provided the answer and the business is now investing in the changes that will open up all sorts of new opportunities for us.”