Midlands based engineering firm Autocraft Solutions Group has secured a £24m Asset Based Lending facility from HSBC UK to fund domestic growth and set up new facilities in Europe and the US.
The facility will directly fund significant growth for Autocraft Solutions Group’s existing UK and European contracts with original equipment manufacturers (OEMs), and as part of the expansion plans, the business is projected to increase turnover by over 50 per cent and to increase its headcount by over 10 per cent. The HSBC UK funding will…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
