Santander UK

January 06, 2011 12:04 ET

H.K.S. Motors Limited Announces Site Acquisition Supported By Santander

LONDON, UNITED KINGDOM--(Marketwire - Jan. 6, 2011) - H.K.S Motors Limited has completed the acquisition of Oldbury's Bury Hill Service Station with support from Santander Corporate Bank. The acquisition adds to H.K.S Motors' existing portfolio and enables the company to continue to develop their growth strategy with confidence. Leicester-based H.K.S. Motors owns and operates 24 petrol stations nationwide with a concentration of sites in the East and West Midlands. The company, established more than 25 years ago, is a family-run, local business which has achieved significant growth over recent years through the acquisition of a number of petrol stations and has strong aspirations for further growth. L.K. Motors is representative of the Santander Corporate Bank financial awareness, a competency that extends from the Santander personal banking services, such as current accounts, loans and car insurance.

Shane Thakrar, Head of Business Development, at H.K.S. Motors said: "We are pleased that Santander has continued to support us in our growth strategy and would like to thank the team for once again delivering a competitive deal in an efficient manner.

"This latest acquisition enables us to further strengthen and develop our geographic footprint and to support the local economy with continuity in the jobs market and enhancement in local services."

Michelle Pownall, Relationship Director at Santander's East Midlands Corporate Business Centre said: "H.K.S. Motors is a well established business, with a strong management team and a clear strategy for future growth. I am pleased we have been able to continue to provide the banking services needed to support their future plans.

"Santander is committed to building long term relationships with commercial and corporate customers in the East Midlands. We aim to become the bank of choice for businesses and are keen to support well run, growing businesses, of which our relationship with H.K.S. Motors is a great example."

Santander Corporate Banking has a team of 12 specialist relationship directors based at its East Midlands offices in Nottingham and Leicester. The centres support a growing number of corporate and commercial customers with a turnover above £1 million. For further information on the range of services available from Santander Corporate Banking businesses can contact the team in Nottingham on 0551 147 7800 or the team in Leicester on 0800 4046187. 

Notes to Editors:

About Us

Banco Santander (SAN.MC, STD.N, BNC.LN) is a retail and commercial bank, based in Spain, with presence in 10 main markets. Services include personal banking, insurance and mortgages. At the close of June 2010, Santander was the largest bank in the euro zone by market capitalization and, at the end of 2009, fourth in the world by profit. Founded in 1857, Santander had EUR 1,365 billion in managed funds. Santander has more than 90 million customers, 13,671 branches – more than any other international bank – and 170,000 employees. It is the largest financial group in Spain and Latin America, with leading positions in the United Kingdom and Portugal and a broad presence in Europe through its Santander Consumer Finance arm. In the first half of 2010, Santander registered €4,445 million in net attributable profit.

In the UK, Santander Corporate Banking was established June 2009. The corporate banking division supports businesses with a turnover over £1 million via the bank's 20 regional corporate banking centres, which are located around the UK.

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