The Car Buying Group has announced plans to accelerate turnover growth and double its workforce following a multi-million pound investment from The Greenhous Group.

The Car Buying Group, which offers consumers the option of dropping their vehicle in directly or having it collected before receiving an immediate payment, received the combined investment package from The Greenhous Group today.

Formed in 2014, the Wakefield and Bradford-based business already boasts a turnover of £20 million-per-year but expects the new funding and added expertise of the Greenhous Group to further boost its growth.

The Car Buying Group currently has 85 drop off locations across the UK and a national collection service and now plans to double its workforce in the next six months and again in the following year.

Speaking of the new relationship with The Greenhous Group, The Car Buying Group’s CEO Tom Marley said: “We can clearly support each other in our growth strategies offering our customers a fully-rounded service, it is the perfect fit.

“It is an exciting time for us as we share a vision to grow the brand. We are like-minded individuals and it was clear from the first meeting that we clicked.

“Their experience in the motor industry is fantastic and I believe we can learn so much working together.”

Kerry Finnon, joint chief executive of The Greenhous Group, added: “We’re really excited to be joining forces with a company that’s at the cutting edge of what is a rapidly expanding sector.

“Our commitment to innovation and great customer service makes this a perfect match, and we’re looking forward to working together.”