Burnley automotive business secures funding from HSBC

Funding | North West

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Pickup Systems, an autmotive business working with emergency services, has landed a six-figure funding package from HSBC UK.

The Burnley based business, which specialises in vehicle conversions, has used the funding to purchase their currently rented premises in order to strengthen their expansion strategy.

Founder John McGauley said: “In September 2014, we moved into our premises which has allowed us to grow the business by over 200 per cent in the last three years. The backing from HSBC UK has ensured that we are now in a position to reduce our fixed costs going forwards and focus our efforts on bringing in new business and more employees.”

James Toppin, relationship manager for HSBC UK Business Banking, added: “It’s exciting to be supporting the Pickup Systems team as they bolster their expansion plans as part of a continued growth strategy for the year ahead. We are looking forward to seeing the company grow its team and continue to develop its relationships with key manufacturers in 2021.”

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