RBS helps Wakefield SME business acquire bigger premises

RBS helps Wakefield SME business acquire bigger premises

A fast growing supplier of automotive electrical parts has invested £300k to buy larger premises in West Yorkshire which are double the size of its previous base.

Auto Electrical Supplies Ltd (AES) has moved to a 6,000 sq ft property in Wakefield after outgrowing its old premises on George Street in the town. It now plans to recruit two new employees to help manage the increased demand for its products.

Established in 1996, AES supplies the automotive electrical industry with products such as fuses, conduit systems and battery terminals. These are predominantly used in coaches commercial and emergency vehicles.

The company's customer base includes blue chip organisations in the UK such as JCB and Mercedes Benz. AES also has a significant global export market with customers throughout Europe, Australia, South America and the Middle East.

AES has a turnover of £1.8m. Its directors, husband and wife team James & Wendy Fawkes, are confident the move to new premises will bring further growth.

James Fawkes, Applied Electrical Supplies Director, said: "Moving to larger premises will allow us to significantly develop the business. The extra warehousing space means we can increase the volume of our existing stock and add new lines to our produce range. It also provides us with the opportunity to reconfigure our operations to ensure we are working as efficiently as possible. This move is an exciting development and we are confident it will prove a catalyst for further growth."

The Royal Bank of Scotland provided AES with a £300k loan to help fund the purchase. Giles McVicar, RBS Relationship Manager, added: "Applied Electrical Supplies is a great example of a successful SME business. Acquiring larger premises makes sound commercial sense and should further strengthen the company's position. we are very happy to provide the financial backing for this move."

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