Imperial Automotive is planning for growth with backing from Barclays Bank.
The Doncaster-based company, founded 21 years ago, lays claim to being the largest importer and distributor of parts to repair vehicles that have been in accidents in the UK.
The company has switched banks to Barclays as part of a deal which will provide working capital.
Managing director Kevin Shipton said: “Our decision to move to Barclays was heavily influenced by their investment and presence in the South Yorkshire area and the level of support available.
“Working with Barclays will allow us to consolidate and build on the significant growth our business has seen in recent years and we look forward to building a long term partnership.”
Alastair Watson, from Barclays, added: “We’ve been in dialogue with Kevin and his team for some time and it’s great to see the completion of the transfer of their business to Barclays.
“The business is a real success story for the local economy and it’s fantastic to see a business investing in growth and taking advantage of the current climate when many businesses are holding back in these uncertain times.”
Carr Hill-based Imperial employs more than 160 staff, supplies aftermarket, OEM and genuine manufacturers parts and replacement car panels and is targeting sales of £15 million this year.
The company distributes top quality crash repair parts to the automotive trade throughout the UK, using a network of drivers and its own dedicated fleet of vehicles.
Imperial says it can offer high levels of service, yet remain competitive, thanks to its buying power as the single largest importer of parts to repair vehicles, buying direct from manufacturers throughout Europe and the Far East.