HSBC UK provides funding for The Figaro Shop’s new service station

By automotive-mag.com 3 Min Read

The Figaro Shop is expanding to include a service station catering to non-specialist cars in Thatcham, Berkshire, using a £1.66 million funding package from HSBC UK.

Based in Didcot, Oxfordshire, the business specialises in repairing the classic car model Nissan Figaro. Now, the business has diversified its operations by offering services such as tyre fitting and MOT and car repair to non-specialist cars.

Tobyn Brooks, owner of The Figaro Shop said: “As a business founded by someone from a disadvantaged background, I am extremely committed to creating jobs and making a positive impact within communities.

“The automotive industry has been instrumental in my success, and HSBC UK has been an incredible partner in supporting The Figaro Shop with future growth. This funding means much more than bricks and mortar – it represents hope, resilience, and opportunity.”

The company operates with a socially focused business model and has already created two new jobs in Thatcham and will hire further staff in the area.

An increase in turnover is expected by the business over the next 12 months, with annual profits expect to rise by 30%.

Indika Perera, relationship manager South & East London Business Banking Centre HSBC UK, said: “By venturing into servicing non-specialist cars, The Figaro Shop is not only enhancing its portfolio but also creating exciting career opportunities, and we’re pleased to share the business’s commitment to shaping futures and empowering individuals to thrive in their careers.”

The Figaro Shop recently unveiled its new product line, dubbed Restored & Remastered, at the Fish Bros.’ Nissan showroom in Fenn Close, Peatmoor, Swindon.

 

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