Denson Automotive, the one-year-old camper conversion business based out of Thorp Arch Trading Estate, Wetherby, has achieved £1m turnover in the 12 months since January 2020.
As a resuklt it has secured a £200,000 CBILS-backed loan from NPIF – BEF & FFE Microfinance, which is part of the Northern Powerhouse Investment Fund.
“It has been a roller-coaster year for Denson” said MD Linden Kitson, who became the majority shareholder in the business last year. We became FCA accredited in just ten months, and we’re frequently receiving upwards of 15 enquiries a day from customers.
“Covid-19 has created both huge opportunities and of course, supply chain problems over the last 12 months. The pandemic has without doubt bolstered demand, but vanlife has been a growing trend over the last few years, with customers seeking freedom to roam the country and discover more than just what’s outside their all-inclusive hotel or Airbnb apartment.”
“We’re doing things differently, and I believe, better. Every Denson van is built to spec and has serious, superior kerb appeal. We want to give our customers – the #DensonTribe – an experience unlike they would get from any other conversion company – which means incredible quality and unrivalled aftersales – we travel to fix any issues and offer RAC backed-warrantees as standard.
“Securing the £200,000 CBILS-backed loan from NPIF – BEF & FFE Microfinance is a huge coup for us – it allows us to repay an existing Bounce Back Loan, increase our inhouse conversion capacity and capability, and expand the existing workshop to meet strong demand.
“The aim is for Denson to become the go-to name for affordable, quality camper conversions with inimitable design, and we’ve already taken on three new team members who have the skills to do just that, including Norman Hill, who comes to us from 18 years at Volvo. The plan is to employ at least five more technicians over the coming 12 months.”
Mark Iley, investment manager at BEF, said: “Denson Automotive provide an excellent product and service to discerning clients. It has huge growth potential through increased sales. The funding will help the business to achieve this while improving efficiency and control.”