Car parts firm boosted by six-figure funding

Posted on 30 Jul 2019 and read 714 times
Car parts firm boosted by six-figure fundingYorkshire-based Complete Automotive Aftermarket Solutions (CAAS), which produces some well-known car-part brands and specialises in high-quality electronic power steering, hydraulic steering and air suspension technologies, has secured a funding facility from Bibby Financial Services (BFS).

Since it was established in 2013, CAAS ( has demonstrated solid growth and increased its turnover every year.

It significantly expanded its Heckmondwike headquarters in 2017, opening new workshops and a bespoke R&D facility.

The funding from BFS will help the company to free up additional working capital, so that it can operate a more-efficient cash-flow system with its partners across the UK and Ireland.

The extra capital will also fuel its plans for further expansion, as it seeks to develop products in electric- and hybrid-vehicle remanufacture and supply.

Complete Group director Stephen Chandler said: “As a dynamic innovative business, we wanted to partner with a funder that would allow us the freedom to fulfil our ambitious growth plans.

“BFS understood our intent from the start and presented us with a funding package that efficiently encompasses our requirements.

“This means that we can press on with a series of exciting projects.”

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