Lancashire-based Carvansons Ltd receives HSBC funding
An established family-owned fragrance manufacturer has received a seven-figure funding package from HSBC UK to support its plans for growth and international expansion.
Lancashire-based Carvansons Ltd has used HSBC UK funding to expand its production capacity and support the growth of its international sales hubs across Europe, South-East Asia and Africa. The business currently exports 60% of its fragrance and perfume products to countries worldwide.
HSBC UK funding has also enabled the business to invest in new software and integrate more efficient processes into its 65,000 sq. ft facility in Haslingden, Lancashire, which opened in February 2022.
As a result of the funding package, Carvansons has increased its number of employees from 50 to 102 over the last 18 months and is forecasting a 20% increase in turnover over the next year.
Luke Whowell, Managing Director at Carvansons, said: “Our business continues to grow year-on-year, despite the huge impact of the pandemic on staffing levels and a challenging global market landscape. The funding provided by HSBC UK has enabled us to streamline our operations, explore new business opportunities and drive efficiencies within our new facility.
“This means we can focus on offering our ever-growing customer base a more personalised service. As an employee-led business that prioritises staff wellbeing and development, we’re delighted to be able to offer apprenticeships and develop a range of exciting career opportunities in the Rossendale area.”
David Edwards, Relationship Director at HSBC UK, said: “Carvansons is experiencing a consistent upward trajectory of growth. This is reflective of both its trusted, long-standing experience in the industry and its ability to adapt to the rapidly fluctuating global market conditions.
“Following the recent opening of its state-of-the-art facility, we’re excited to see the business expand its international presence, invest in advanced technology and drastically increase the number of employees, all whilst maintaining a loyal, robust consumer base.”
Established in 1941 and with the founding family now in its third generation, Carvansons create fragrances and perfumes, which can be found in a wide range of household name applications and products.
The site on Knowsley Park Way, Haslingden, has perfumery laboratories, a modern office, customer sampling zones and a 50,000 square foot perfume manufacturing and warehousing facility. Carvansons was recently nominated for a Lancashire Red Rose Award in the Export category.