Gloucestershire News

Stroud motorcycle firm revs up expansion plans

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Written by: Olivia Alexandra Scull | Posted 11 January 2019 13:25

Stroud motorcycle firm revs up expansion plans

Stroud-based Roadrunner Motorcycles Ltd is driving forward ambitious growth plans and creating new jobs after a major funding injection.

The motorcycle supply and maintenance firm has used £225,000 of funding from NatWest to acquire its headquarters on Fromeside Industrial Estate, increase its workforce and purchase additional work space.

To facilitate an increase in sales and operational efficiencies, Roadrunner has boosted its workforce to four and plans to double the size of its showroom and garage space.

Established in 2007, Roadrunner Motorcycles Ltd provides servicing and MOTs, as well as a sector hub for motorbike enthusiasts to gain expert knowledge and learn about cutting edge bike accessories.

Lawrence Butcher, director at Roadrunner Motorcycles Ltd, said: “We have ambitious plans for the business over the next 12 months and the funding from NatWest has played a significant part in kick starting these plans. By taking ownership of our premises, we can free up cash flow and divert it into expanding the business, both in terms of the size of our location and our workforce."

The deal was referred by B2B Commercial Mortgages and NatWest Broker Development Manager, Andre Parcian, who supported the deal activity alongside NatWest Relationship Manager Annette Shinner.

Annette, said: “Lawrence and the team at Roadrunner are incredibly knowledgeable and passionate about their field of work and it’s been a pleasure helping them take ownership of their premises. They have ambitious plans for the expansion of the business, and I look forward to continuing to work with the company.”

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