Case Study – Tamar Coaches
Ongoing support from Henry Howard Finance has seen fledgling transport provider Tamar Coaches Ltd travel to the next stage in business. The company secured £57.5k funding to purchase two coaches for their growing fleet. As a result, the Plymouth firm is well-established in the private hire sector and the expansion of its fleet has helped Tamar keep up with the competition. As the region’s newest coach operator, its founders always knew they would have to go the extra mile in order to compete – which is where Henry Howard Finance got on board.
Since its first commercial contract was agreed in September 2016, Tamar Coaches Ltd has firmly established itself as a regional supplier of coach travel for customers looking to span the length and breadth of the UK and beyond. Its modern fleet provides a range of travel solutions for wedding parties, school trips, commercial contracts, tourist groups and more.
As a new company in a long-standing business sector, Director Tom Pearce always knew the quality and availability of Tamar vehicles would prove key to overall growth – so came to Henry Howard Finance for support in putting both factors in place. The business has expanded rapidly since its launch, quickly adding a 33-seater Plaxton Cheetah coach to its fleet in 2017, and a Bova Futura 53-seater coach in 2019, with the funding it received.
Tom explained: “As a small, family-run company pitching itself against long-established, regionally renowned competitors, we always knew Tamar would have to be high-quality and flexible in terms of its service offering. The support received has not only helped us add additional vehicles to our fleet, but also increase our capacity for more long-distance work with a higher class of vehicle involved.
“With little experience of applying for business finance prior to engaging with Henry Howard Finance, our choice was based purely on good recommendation. The whole process was really easy, well explained and hassle free – the team clearly understand the specific difficulties of a small business. Henry Howard really took on board what we were talking about and have led us to gaining more long-distance work and a better image for the company overall as a result.”
Matt Jones, Head of Asset Finance at Henry Howard Finance, said: “This is a great example of the experience our team has in supporting businesses make the choices which are right for them – decisions which, for many, can often be make or break.
“Something that we are hugely proud of at Henry Howard Finance is the support we are able to offer our customers not just in terms of past performance, but with regards to their future potential too – we’re here for the ride, not just any one leg of your business journey come what may!”
“We also know that getting ahead of your competitors in business more often than not relies on product quality and prompt delivery above anything else, and are delighted that, in Tamar’s case, our involvement has enabled this exciting new company to thrive as it continues to do both so well.”
Contact us on 01633 415222 to discuss your funding requirements.