Date posted:
Mon 08 April 2024
MB-Liverpool Ltd, a leading independent auto repair specialist for Mercedes, BMW, Mini and Land Rover and electric vehicles, has secured £300,000 in funding from the River Capital Business Growth Loan Fund as part of a multi-party project funding package.
Introduced to River Capital by Chris Johnson of Bespoke Property Finance, this investment will allow the company to complete the development of their new state-of-the-art auto repair facility in an area of Liverpool currently going through extensive urban regeneration.
The new 1.011 square metre facility located at 2-4 Athol Street will enable MB-Liverpool to double its capacity from it from its previous location with 8 vehicle ramps and an MOT ramp and will in time 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 2 co-founders to a team of 7 experienced technicians with many joining as apprentices who 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.
With a combined 30 years’ experience including as trained technicians with Mercedes, BMW and Mini, Murphy and Walsh pride themselves on providing dealership-level expertise and OE parts at a much lower cost for its customers with many prestige vehicle owners now preferring independent garages.
The new Athol Street location will feature energy-efficient LED lighting, sustainable exterior cladding, and amenities like a training room and office suites which will assist in creating 7 new jobs in addition to safeguarding the existing 7 roles.
On the funding, River Capital Investment Manager Jim Moore said:
"MB-Liverpool is exactly the type of ambitious, growth-oriented business we aim to support through the River Capital Business Growth Loan Fund. Shaun Murphy and Scott Walsh have built an impressive independent auto repair operation offering dealership-quality service at a better value for customers and 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.
This is a proven local business with an exciting future and we now look forward to supporting their growth journey.
Scott Walsh of MB-Liverpool Ltd commented:
"This £1.8m total investment, including £300,000 from River Capital, is a game-changer for our business. Our new state-of-the-art 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. With 8 vehicle ramps, an MOT ramp, EV charging points and specialised EV technicians, we'll be able to handle double the workload while maintaining our commitment to dealership-level expertise at much lower costs."
Chris Johnson of Bespoke Property Finance Consultants said:
“It’s been a pleasure to support Scott and Shaun, by structuring a multi-lender funding package to assist with the development of the fantastic new premises located on one of the main routes into Liverpool city centre. This relocation will take the business from strength-to-strength and provide a fantastic facility for staff and customers alike.”
