Six-figure funding package from HSBC helps AJ Charlton & Sons to go greener
Frome timber supplier AJ Charlton & Sons has invested in a 350 KWp solar panel system thanks to a six-figure funding package from HSBC Equipment Finance (UK) Ltd.
The new ‘Solar PV System’ will generate around 35 percent of the business’s energy each day, with predicted future cost savings in excess of a million pounds as well as a reduction of around 1,400 tonnes of carbon over the next twenty years – the equivalent of powering 1,750 homes for a year.
Established in 1903, the fifth-generation family business is a one-stop shop for gates, fencing and landscaping sleepers, and includes the Royal estates among its customers.
AJ Charlton & Sons aims to become carbon neutral and this investment helps that journey, with all its energy now coming from renewable sources.
Brett Halford, Financial Director at AJ Charlton & Sons, said: “The DIY boom during lockdown was hugely beneficial to our business, enabling the team to consider investing in renewable energy. As a timber supplier, we are conscious of giving back to the environment as much as we can, and the support from HSBC UK has been invaluable in allowing us to make a huge step towards our goal of carbon neutrality.”
Sarah Stuckey, Relationship Director at HSBC Equipment Finance (UK) Ltd said: “Relationship Director Paul Dowell and I are delighted to have been able to support AJ Charlton & Sons Ltd with this investment in renewable energy production. Sustainability is a huge focus within HSBC UK and projects of this nature are becoming more prevalent as businesses look for solutions that will help them transition towards net zero.
“By supporting our customers in this way, we also help the UK as a whole as we migrate to a lower-carbon economy. This particular funding has been awarded full green status, which is testament to the wider ethos of our customers and the way in which they operate their business.”