Materials handling specialist Impact Handling has secured a new multi-million pound finance facility from HSBC to support an ambitious three year expansion of its business.
HSBC’s Equipment Finance division provided the asset finance-based facility, working closely with the bank’s Midlands Corporate team. The deal was managed on behalf of the bank by Senior Corporate Banking Manager Stephen North and Structured Asset Finance Manager James Harris.
Impact Handling, a division of South African-based Eqstra Holdings, will use the facility to support continued business growth – with plans to extend its geographic footprint and support exciting new distributorships announced this year with Konecranes, Carer and Mafi Transport Systems.
The facility will also enable Impact Handling to maximise opportunities with Cat® Lift Trucks, with which it enjoys sole distributor status in the UK and Ireland. At the same time the facility will enable it to continue offering customers some of the most flexible and attractive finance terms in the sector, when leasing new materials handling equipment.
Established in 1985, Nottingham-based Impact Handling has more than 300 employees, including in excess of 150 service engineers, working across nine dealerships. It operates a combined fleet of more than 5,000 rental units, plus supports 2,000 customer-owned machines and 2,000 used assets.
As Impact Handling owns every piece of machinery it leases out, its customers are able to change their materials handling requirements partway through a contract without incurring a financial penalty, making it an attractive choice for its growing customer base.
Impact Handling’s Managing Director, Terry Kendrew said: “Demand for materials handling equipment has been steadily rising over the past 18 months as the economy strengthens. This facility is enabling us to continue expanding, whilst ensuring we can offer the most flexible finance options to our expanding customer base.”
“We’ve enjoyed a 10-year relationship with HSBC, and this latest agreement is a clear vote of confidence in both our business today, and our ambitious plans for the future.”
HSBC Midlands Head of Corporate Mark Harris added: “This funding package has given Impact Handling the financial strength to grow the business and to continue to offer leading products to its market place. The experienced management team has clear plans for growth and HSBC is pleased to support the company.”
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