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Overseas expansion thanks to HSBC funding

Published 26th September, 2017 by Neil Nixon

Overseas expansion thanks to HSBC funding

BioClad, a Harrogate-based manufacturer of antimicrobial work surfaces, looks set to expand thanks to a six-figure funding package from HSBC. The business, established in 2008, specialises in creating hygienic spaces using a range of antimicrobial products for use in food, pharmaceutical, retail, educational, and leisure industries. BioClad’s revolutionary antimicrobial PVC hygienic wall lining and vinyl flooring ranges uses BioCote technology to fight bacteria and microbes to support a fully hygienic environment.

The business recently won the Queen’s Award for international trade and it works with a number of international brands including McDonalds, Starbucks and Virgin Atlantic. After years of steady growth, which saw a 2000% increase in revenue since 2011 and global sales accounting for 25% of its £10 million turnover, BioClad is expanding into Australia. HSBC’s financial support and international know-how will ensure the business has the ability to increase its overseas exporting capacity and manage its cash flow. This will allow BioClad to meet increasing demand after its expansion into Australia. BioClad expects to grow its revenue by 20% over the next 12 months and has plans to grow its staff to meet health demand from its customers in the UK and overseas.

Lindsay McKenzie, managing director at BioClad, said: “We are delighted to receive financial support from HSBC. After establishing BioClad to revolutionise hygiene sensitive spaces using our antimicrobial wall lining and vinyl flooring, it is HSBC’s financial backing and guidance that has allowed us to continue to harness a wealth of international trade opportunities and provide additional facilities to our company in Australia.”

Phil Look, HSBC’s area director of North Yorkshire, said: “We recently launched a £1 billion lending fund to support SMEs in Yorkshire realise their ambitious growth plans. BioClad is the perfect example of the businesses we support: passionate about what they do and dedicated to taking their business one step further. We look forward to seeing the business grow further with its expansion to Australia.”

www.cladding.co.uk

Article links

http://www.cladding.co.uk