One of the largest road planing contractors in the UK, Jet Plant Hire, has invested in its hundredth Wirtgen machine after securing funding from Lombard Asset Finance.
The Evesham-headquartered company has used the £265,000 funding package to purchase a new Wirtgen road planer. The new machine will be operated by a team of three and joins a fleet of 35 Wirtgen road planing machines and ancillary equipment the company has available to hire.
The latest funding facility is also the 100th provided by Lombard Asset Finance to Jet Plant Hire. Over the past 15 years, Lombard has supported the acquisition of a range of industry-leading machinery and vehicles, including vans and Volvo trucks.
The family-run business was founded in 1989 by Stuart Witheford and his son Sean took over as Managing Director in 2002. Over the last 29 years, Jet Plant Hire has grown to achieve an annual turnover of £14 million and employs 115 members of staff across its regional sites in Evesham, Newton Abbot, Hampshire and Cambridge.
With 100 Wirtgen machines purchased over the lifetime of the business, continual investment ensures machines are refurbished or replaced to meet the highest performance and health and safety standards.
Sean said: “Our business has grown considerably over the past three decades, but in order to maintain this growth it is important that we invest and replace existing machinery to ensure we can give our customers the best possible service and attract and retain the highest calibre operators. The funding from Lombard Asset Finance has allowed us to do this and our recent purchase marks a significant milestone with our supplier Wirtgen. We look forward to continuing to expand and reaffirm our position as a leading road planing business.”
Phil Milton, Lombard Senior Relationship Manager and Richard Herborn, Lombard Director of Asset Finance, supported the deal for Jet Plant Hire.
Richard said: “Over the past 15 years we have worked with Jet Plant Hire to support its growth and expansion. Completing our hundredth finance facility for the company is testament to the strong growth trajectory of a well-run family business and we will continue to support Sean and his team over the coming years.”