Liverpool auto repair specialist MB-Liverpool secures £1.8m – including £300,000 from River Capital – as it invests to double capacity create new jobs. Tony McDonough reports
Independent Liverpool auto repair specialist MB Liverpool will complete the development of its new facility after securing a £1.8m cash injection.
MB Liverpool repairs Mercedes, BMW, Mini and Land Rover and electric vehicles. This finance includes £300,000 from the River Capital Business Growth Loan Fund is part of a multi-party project funding package.
It will allow the business to complete its new facility at 2-4 Athol Street just outside the city centre, enabling a doubling of capacity from its previous location with eight vehicle ramps and an MOT ramp.
In time it will be fully equipped to service the rapidly growing electric vehicle market with electric charging points and specialised EV-trained technicians.
Founded in 2011, by Shaun Murphy and Scott Walsh, MB Liverpool has grown from its two co-founders to a team of seven experienced technicians. Some joined as apprentices and have gone on to become fully qualified under the owners.
With the new site due to open the staff growth is anticipated to be via the same route. It will feature LED lighting, sustainable exterior cladding, and amenities such as a training room and office suites which will assist in creating seven new jobs.
Scott Walsh said: “This £1.8m total investment, including £300,000 from River Capital, is a game-changer for our business.
“Our new facility in Liverpool will allow us to vastly increase our capacity and offer even better service to customers of Mercedes, BMW, Mini, Land Rover and electric vehicles.
“We’ll be able to handle double the workload while maintaining our commitment to dealership-level expertise at much lower costs.”
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MB Liverpool was introduced to River Capital by Chris Johnson of Bespoke Property Finance. River Capital investment manager Jim Moore added: “MB Liverpool is exactly the type of ambitious, growth-oriented business we aim to support.
“Shaun Murphy and Scott Walsh have built an impressive independent auto repair operation offering dealership-quality service at a better value for customers.
“Their new eco-friendly facility in Liverpool’s upcoming regeneration area positions them perfectly to capitalise on increasing demand, especially for electric vehicle maintenance and repairs.”