Gregory Group secures multi-million finance package from HSBC UK
Gregory Group, one of the UK’s largest transport and logistics companies, has secured a multi-million finance package from HSBC UK to support its business growth plans and increase working capital.
A family-owned business headquartered in Cullompton, Devon, Gregory Group will use a multi-million-pound finance package from HSBC UK to support its overall long-term growth.
This will include acquiring additional properties, increasing working capital, and investing in new Euro VI compliant vehicles and hydrogenated vegetable oil (HVO).
Chris Corfield, Group Financial Director at Gregory Group, said: “We made the decision to switch banks to HSBC UK as we look ahead to the future of our company and how we can best continue to grow.
“Our relationship director Paul Lane and the team at HSBC UK have been exemplary in working collaboratively with us to put together a flexible and tailored finance package, meeting all our business requirements.
“This additional funding means we’ll be able to invest in various areas of the business and continue providing our customers with the highest quality service – handling, storing, and distributing products in the most efficient and effective manner possible.”
James Shepherd, Head of Corporate Banking, South West at HSBC UK, added: “We’re delighted that our financial support has helped Gregory Group in its growth journey. We will work closely with the team to ensure the needs of the company are understood and we look forward to seeing the continued growth of the business.”