Support from the Royal Bank of Scotland has led to Mantank, a Manchester based environmental services firm, strengthening its fleet of vehicles with investment in a brand new, bespoke, glass lined tanker.
Mantank Environmental Services Limited, (Mantank) which is based in Little Hulton, Manchester, has acquired the £140k tanker thanks to support from Royal Bank of Scotland and Lombard, the bank’s asset finance division.
The new addition to the company’s existing fleet of specialist tankers will enable Mantank to meet continued rising demand for its services.
Ian Comber, Relationship Manager at Royal Bank of Scotland said: “The new tanker is a great addition to Mantank’s fleet and I am pleased that we were able to work with the company and our colleagues at Lombard to facilitate its acquisition. Whilst more expensive initially, by investing in a vehicle that is set to last much longer, the firm is undertaking a great investment in its future.”
Established in 1995, Mantank is one of the leading companies in the industrial and environmental cleaning sector in the UK. The firm delivers a wide range of cost effective services including industrial and environmental cleaning services (incorporating disposal of hazardous and non-hazardous materials), dewatering of sludges, tank cleaning, vacuumation (both disab and kilowhale), water jetting, plant decommissioning and the supply of experienced labour to supplement clients operatives when required.
Dave Royle, Managing Director of Mantank Environmental Services Limited explains: “We are really pleased with the new vehicle and the investment we have made. A glass lined tanker is more resilient to the chemicals and acids that we transport than tanks made from metal or other materials and so will have a longer lifespan. By extending our fleet we will be able to continue to meet increasing demand for our cleaning services and take on new contracts which we hope will lead to local job creation.
“We have worked with Royal Bank of Scotland for many years and their support in this deal has been excellent. The team at Lombard worked with us to secure a good package and they guided us well throughout the entire process.”
The company predominately operates throughout the North West and North East of the UK from its two bases in Manchester and Stockton-On-Tees but also regularly takes on contracts nationwide.
Lombard, who were introduced to Mantank by Ian Comber, the firm’s banking relationship manager at Royal Bank of Scotland, has provided the firm with £113k funding for the new tanker through a flexible asset finance package that will help the company manage its cash flow and support its growth plans.