HSBC agrees £19m finance facility to help produce firefighting equipment

Financial Services | Funding | Manufacturing | Retail | South West

Bristol Uniforms have secured a £19m finance facility from HSBC UK. Pictured left to right Henry Moore (HSBC UK), Michael Schulkins (HSBC UK), Ian Mitchell (Bristol Uniforms) and Tom Lloyd-Jones (HSBC UK). November 2018. Photographer Freia Turland m:07875514528 e:info@ftphotography.co.uk

A Bristol company that has been trading for over 200 years has secured a £19m finance facility from HSBC UK to manufacture and provide more than 140,000 items of protective equipment for fire and rescue services across the UK.

Bristol Uniforms, which was established in 1801 and employs more than 180 people, designs and manufactures high-performance protective garments for the emergency services.

The firm is using an equipment finance facility from HSBC UK to help it deliver a major Local Authority Fire and Rescue Service (FRS) contract that will see at least 20 of the 52 services purchase personal protective equipment (PPE), with around 14 on a fully managed service from the business.

The deal follows Bristol Uniform’s transformative contract win in 2017 to supply PPE to fire services across the UK as part of a new purchasing system which will help save the taxpayer money and streamline the procurement process. With the funding in place, Bristol Uniforms now has the financial backing needed to fulfil this significant contract.

Bristol Uniforms has already supplied PPE on a fully managed service basis for Buckinghamshire Fire Service as part of the contract and delivered over 50,000 items for the London Fire Brigade at the end of October.

Ian Mitchell, joint managing director at Bristol Uniforms, said: “HSBC UK, led by our relationship directors Henry Moore, Thomas Lloyd-Jones and Mike Schulkins, has worked hard to understand the detail of our complex funding requirements and was able to put a package in place that perfectly met our needs. The funding allows us to deliver on our contract to produce PPE for over 20 fire and rescue services over the next eight years and counting. This contract will help the fire services save lives but it is so vitally important to the future of our business.”

James Shepherd, HSBC UK’s Area Director for Bristol, Gloucestershire and Wiltshire, added: “Bristol Uniforms is a well-established and successful Bristol business and we’re delighted to be supporting it through the next phase of its exciting evolution. Our team worked tirelessly to get under the skin of the organisation so we could offer a tailored and competitive finance package that means it can produce the vast quanitities of specialist clothing and equipment needed for the individual contracts.”

Mark Harris, Head of HSBC Equipment Finance in the UK, commented: “We are delighted to have supported Bristol Uniforms with an innovative finance facility to fund the upfront cost of producing vital protective clothing used by the Fire Services.”

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