Glass firm expands following investment

Halifax-based Glass Designs Solutions is set to expand after securing a £250,000 funding boost from HSBC. The funding is expected to help the business increase turnover by 60% over the next 12 months.

Glass Designs Solutions, which supplies and fits glass for private, retail and commercial use, will use the finance facility to acquire a new 3,383ft2 premises next to its existing site on Dewsbury Road, allowing it to grow its product range by manufacturing its own glass, hire two new members of staff, and invest in new processing equipment to increase production.

After years of organic growth, the HSBC funding will allow the business to add glass manufacturing options for customers, meanings it can meet current demand for individual glass products as well as providing design and installation services.

Its new premises will be re-fitted and new machinery and stock will be purchased to allow it to make these products. The two new jobs created will take its total number of employees to 12.

Owner Clive Smith said: “After listening to our customers and understanding changes in the market, my business partner Lee and I saw an opportunity to take our business to the next level. Securing the funding from HSBC will help us realise our ambition to grow and evolve, in turn helping build our customer base. HSBC has been a long-standing and valuable partner for us and has been continuously supportive of our expansion plans.”

Glass Design Solutions’ proposal for growth was put to HSBC’s business banking team in Scotland, where relationship manager Mark Brown discussed finance options for growing the business.

Susan Rowand, HSBC’s head of business banking in Scotland, said: “Clive and his team have been a long-term customer to HSBC and when they saw a clear opportunity to grow their successful business we were more than happy to help them reach their goals. We’re pleased that the funding Mark has helped them to secure will see the business expand its team and premises and increase its turnover.”

The finance facility was drawn from a £10 billion HSBC fund for SMEs across the UK, of which £300 million is allocated to support SMEs in the north, as part of a broader commitment to helping British businesses prosper.