South Wales Commercial Vehicles Specialists, Glenside Commercials, are today celebrating the launch of their new site in Newport, enabling the company to offer their already comprehensive services to even more commercial drivers and transport companies in Wales.

The new site will offer sales of new and used vans, trucks and refrigerated vehicles from top manufacturers Iveco, Fiat and Carrier Transicold, as well as parts, service and commercial vehicle MOTs.

Boosted by a £1m expansion loan from the Development Bank of Wales, and lots of hard work from their enthusiastic employees, the expansion is the culmination of a great reputation and solid trading performance that has firmly established them as one of the leaders in supporting South Wales growing commercial transport industry.

Managing Director Mark Lovering acquired the business in 1993. It was then known as Victa Motors before being renamed Glenside Commercials in 1994. Employing over 90 people and based on Bedwas House Industrial Estate, Glenside is the main distributor for IVECO and FIAT professional in south east Wales.

As a network partner for Carrier Transicold, Glenside also provides specialist engineering and maintenance services across south Wales and southern England for transport refrigeration units.

Managing Director Mark Lovering praised the Development Bank for assisting in the expansion:

”My Commercial Director, Phil Williams and I firmly believe that our business has stood the test of time because we invest in our staff and make sure that our customers are always at the heart of all that we do. The team at the Development Bank of Wales understood our values and were able to offer a flexible funding package that has been tailored to meet our exact needs.

“The development bank’s application process was clear and straightforward. We saw news about the new development bank and thought they may be able to help us. We gave them a call and a member of their investment team got back to us really quickly. The simple application process enabled Phil and I to continue to focus on running the business with the reassurance that we now have the right funding in place to drive forward our exciting growth plans.”

Ruby Harcombe is an investment executive for the Development Bank of Wales. She added:

“Glenside has shown strong and consistent growth. The new site in Newport will allow the business to build market share in south east Wales and also target new markets. We are delighted to have the opportunity to work with them on this next phase of development.”