Classic car specialist The Figaro Shop grows to Berkshire with HSBC backing

A Didcot-based automotive business which specialises in repairing the classic Nissan Figaro car model is expanding into a new location with support from HSBC UK.

The Figaro Shop will use a £1.66 million funding package from HSBC to acquire a service station in Thatcham, Berkshire, which has been as a service and tyre repair shop for the past 15 years.

The business plans to diversify its operations by venturing into garage and service stations catering to non-specialist cars.

Its services will include tyre fitting and MOT and car repair services for customers, which will range from local residents to Nissan Figaro enthusiasts, as well as for local council vehicles.

The Figaro Shop has already created two new jobs in Thatcham and is planning to hire further staff in the area as it looks to boost annual profits 30 per cent this year.

Tobyn Brooks, owner of The Figaro Shop, said:“As a business founded by someone from a disadvantaged background, I’m extremely committed to creating jobs and making a positive impact within communities.

“The automotive industry has been instrumental in my success, and HSBC UK has been an incredible partner in supporting The Figaro Shop with future growth.

“This funding means much more than bricks and mortar – it represents hope, resilience, and opportunity.” 

Indika Perera, relationship manager in the South & East London Business Banking Centre at HSBC, added: “By venturing into servicing non-specialist cars, The Figaro Shop is not only enhancing its portfolio, but also creating exciting career opportunities.

“We’re pleased to share the business’s commitment toshaping futures and empoweringindividuals to thrive in their careers.”

Founded in 2011, The Figaro Shop was established with a mission to create the very best Nissan Figaros on the market.

Ten years on, the business is a leading specialist Nissan Figaro garage, offering a wide range of parts.