Leeds-based Wilson Power Solutions, a manufacturer of energy infrastructure equipment, is continuing its growth strategy with a seven-figure funding package from HSBC .
The firm, which was established in 1946 and is a manufacturer of industrial switchgear and battery trip units, plans to expand its UK and India operations (www.wilsonpowersolutions.co.uk
The bank’s funding package will provide working capital that will enable Wilson Power Solutions to pursue significant contracts in India.
Wilson Power Solutions’ managing director, Simon Wilson, said: “Manufacturing in the UK has been — and will continue to be — key to our company’s growth and success.
“However, our continued investment in our manufacturing facility in India continues to reap rewards for our business, allowing us to capitalise on the booming local economy and win new contracts.
“HSBC’s global footprint has also allowed us to bring all our trade facilities seamlessly under one roof, giving us the means of meeting larger, more demanding contracts.”
Wilson Power Solutions remains a family-run firm; and while its headquarters are in Leeds, over 140 people are employed world-wide.
Last year the company achieved over £17.3 million of sales.
It has supplied energy infrastructure for a range of clients, including Tesco, SSE and the NHS.
Jamie McCullough, HSBC UK’s corporate relationship director for West and North Yorkshire, said: “Despite already enjoying success in the UK, Wilson Power Solutions has also successfully grown its production facility in India over a number of years.
“We’re excited to support this global business both in the UK and overseas in its growth strategy.”