*No charges for cash/cheque deposits, withdrawals, Direct Debits or other automated transactions for an initial period. Cash transaction limit of £250,000 p/a. Qualifying criteria applies.
*No charges for cash/cheque deposits, withdrawals, Direct Debits or other automated transactions for an initial period. Cash transaction limit of £250,000 p/a. Qualifying criteria applies.
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Unlock your cash flow potential. At Yorkshire Bank we take a flexible approach to business borrowing.
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The Bank provided a flexible finance facility for capital expenditure on new bespoke automated tools and a new manufacturing cell for its 240-strong workforce to fulfil a high-volume contract. Richard McCulloch, Finance Director at Cab Automotive, said
“We were manufacturing large seat foams for a new vehicle and therefore it was imperative that we updated our equipment to manage not only a high volume contract, but also to manage the large tools automatically. The tools and equipment were being supplied by a German company that had spent large amounts of time with us on creating a bespoke design.”
Richard credits the Bank’s understanding of the automotive sector, particularly the need to finance customised equipment in advance to service a contract, as being vital to securing this and subsequent deals. He said “They understood the intricacies of tooling finance when it was critical to our business growth. The Bank helped us at every step of the procurement process and also opened another finance facility for us after learning of further new orders in the pipeline.”
The Bank’s Automotive Director, Meg Salt said “Cab Automotive works with some of the biggest names in a buoyant sector, on the back of their blend of workmanship, flexibility and innovation. They have a strong management team with more than 100 years’ collective experience in the automotive industry and have been successful in generating demand for their high quality solutions. Cab Automotive is a fantastic example of a business that has the manufacturing expertise to drive the automotive industry forward in this country.
“The Bank’s decision to depart from conventional lending policy and supply a significant level of funding for bespoke tools reflects solid confidence in the company’s ongoing success.”
They understood the intricacies of tooling finance when it was critical to our business growth.
Richard McCulloch, Finance Director, Cab Automotive Ltd.
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We’ve been working hard to bring Yorkshire Bank and Virgin Money together to give our website and digital services the full Virgin Money treatment. You’ll soon be able to view and manage your account(s) using the Virgin Money Internet Banking service.
There’s nothing you need to do – we’ll take care of it all. Your account and login details will remain the same and you’ll still be able to login using the link on the Yorkshire Bank website.
We’ll be back in touch when the new service is ready to use. If you need to contact us, you can still get in touch using the normal contact information.
The team at Virgin Money
Continue to Internet BankingWe’ve been working hard to bring Yorkshire Bank and Virgin Money together to create a bigger, bolder and brighter bank. You’ll soon begin to see the Virgin Money logo on things like your statements, letters and your Business Internet Banking service.
There’s nothing you need to do – we’ll take care of it all. Your account and login details will remain the same and you’ll still be able to login using the link on the Yorkshire Bank website.
We’ll be back in touch when the new service is ready to use. If you need to contact us, you can still get in touch using the normal contact information.
The team at Virgin Money
Continue to Internet BankingYou can find impartial information and guidance on money matters on the “Money advice service” website.
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