Teasdale Motorcycles: The first choice for motorcycle enthusiasts

In 2002, Andy Walker decided to turn his love for motorcycles into a career. Since then, Teasdale Motorcycles has flourished and they currently hold the franchise for Aprilia, Moto Guzzi, Norton and KTM Street Motorcycles.

Teasdale Motorcycles are currently midway through a total redevelopment of their showroom, upsizing by two-thirds of its original size. They have a huge variety of new and used motorcycles, clothing and accessories, whilst also operating full onsite repair facilities. They are now working through the process of introducing a second floor showroom area to expand their bike range and move the clothing department upstairs.

Banks had been unwilling to finance businesses in the aftermath of the credit crunch and Teasdale Motorcycles struggled in the first instance, being offered very difficult terms. Hence, the significant growth of Teasdale Motorcycles would have been virtually impossible without the loans obtained from Funding Circle, a peer-to-peer lending platform backed by EIF as part of its growing securitisation activity.

The funding helped Teasdale Motorcycles acquire an online e-commerce website and then enabled the business to expand into bigger freehold premises, acquire a broader product range, increase head count and boost revenues through impressive sales growth. Up to 10 jobs have been created since Teasdale Motorcycles first borrowed through Funding Circle.

Teasdale Motorcycles is still growing. Once they have built their second floor showroom, they will be able to bring in more motorcycles and drive sales even further with the addition of at least one more sales representative. If not already, Teasdale Motorcycles seek to become the largest motorcycle dealership in the North of England.
 

Company: Teasdale Motorcycles (United Kingdom)

Type of business: Retails, motorcycles and accessories

EIF financing: Securisation

For further information about EIF intermediaries in Ireland, please refer to: http://www.eif.org/what_we_do/where/gb/index.htm