Fleet management specialist TR Fleet celebrated its second anniversary with confirmation of a £300,000 investment by Birmingham-based venture finance company Midven.
The potential of the independent, award-winning fleet services provider based in Berkswell was identified following its selection in the Goldman Sachs ‘10,000 Small Business’ initiative designed to support small businesses and help them grow.
Managing director Julie Boyd so impressed the panel of judges, one of whom was a director of Midven, the company decided to award her the finance at the very start of the 12 month mentoring process.
“I am absolutely thrilled,” she said. “The funding will really help me to develop TR Fleet and it will be a bonus to have the benefit of expert advice from such skilled professionals.”
Ms Boyd founded TR Fleet in 2010 after spotting a gap in the market for a long-term road safety scheme.
More than 850 drivers are now enrolled on TR Fleet’s comprehensive ‘DriveSecure’ programme.
Tony Stott, chief executive officer, Midven said: “We were all really impressed with Julie’s enthusiasm and professional approach and have every confidence that with our support, her ambitious plans will be become a reality.”
Ms Boyd and her team of five specialists have also tripled turnover in their first two years of business.