Peter Vardy’s CarMoney moves into new premises due to continued growth

Peter Vardy Group’s CarMoney motor finance business has moved into 9,000 square feet of new office space as it plans to boost staff numbers this year. 

The offices at Precision House, McNeil Drive in North Lanarkshire’s Eurocentral complex comprise three, separate ground floor suites forming the ground floor of a detached three storey office pavilion.

CarMoney’s managing director, Alastair Grier, said: “We are doing well because we focus on the needs of our customers and to continue to do so, we need to grow staff numbers from 110 today, to some 150 or so by the end of 2022.

“Growth in 2020 arose despite the Covid-19 epidemic because of the team’s hard work and we continue to win new contracts by maintaining very high customer satisfaction levels and hiring motivated team members.

“Additional demand for e-commerce transactions meant that CarMoney was not only able to trade at normal levels but to accelerate the pace of progress in recruitment, technology, operational performance, and colleague training.”

CarMoney provides car finance to customers who, in turn, were able to take possession of their new vehicles via home delivery or click and collect wherever possible. This was facilitated by a UK-wide network of dealers, said CarMoney.

The company added 300 new dealers to its network in 2021 and secured £782m of approved car finance from 125,000 applications.

CarMoney partners with eBay Motors Group, Exchange and Mart, Used Cars NI, as well as appearing on comparison sites such as Confused.com.

The business is divided into Retail and Dealer Teams. The Retail Team provides borrowers with a guaranteed funding package before they buy a car.

The AM100 group is forging ahead with a ‘Mobility for Everyone’ promise with its planned launch of a new FlexAuto vehicle rental solution, following the sale of its SilverBullet car retail software business to Keyloop.

Peter Vardy Group has committed to donating 10% of its March profits to humanitarian projects in Ukraine as the Russian assault continues to impact civilian lives.