Twitter Facebook Flickr LinkedIn Google Plus

Oaklands Farm Eggs team up with HSBC

Category: Asset Finance — Mark on March 28, 2012

Oakland Farm Eggs, based in Shropshire, have refinanced its debt along with its working capital facilities, transferring all facilities to HSBC. This enables them to access £28m combined worth of term debt, working capital and asset finance.

HSBC Global Relationship Manager, John Barker, will oversee the bank’s support of their investment to increase the capacity for production, as well as seeing an upgrade in the facilities to improve the welfare of the hens.

Oakland has made a large investment to fall in alignment with updated EU requirements which were established at the beginning of the year in order to care for the welfare of hens. They have created their own system which allows them to maintain standards that will comply with these regulations.

The regulations have seen an increased demand for eggs produced in the UK as producers in most member states of the EU haven’t managed to comply by the 1st January deadline and are unable to sell within the EU.

Oaklands Finance Director, Elwyn Griffiths, clearly understands the importance of their relationship with HSBC:

“We produce high welfare, European Compliant eggs and we are seeing unprecedented demand for our product from the UK and Europe as a result of the EU legislation and the UK’s ever growing love of eggs. We are investing significantly in the business to position ourselves for the future, not just for today, and it is important to have a banking partner that understands our business and industry. HSBC’s team appreciates the dynamics of the marketplace, the importance of building a long-term, sustainable relationship and the flexibility and scale of modern food production.”

'Disclaimer: The information contained in these articles is of a general nature and no assurance of accuracy can be given. It is not a substitute for specific professional advice in your own circumstances. No action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a consequence of the material can be accepted by the authors or the firm.

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment

Latest News

  • Cambridge to be Britain’s Silicon Valley

    It is anticipated that The Greater Cambridge City Deal will receive £1bn of investment in housing and transport, which will result in a complete overhaul of the region. The ultimate aim is for the changes to provide a boost to the economy in the area, and for Cambridgeshire to be the UK’s version of Silicon […]

    April 10, 2014
  • Social enterprise application deadline looming

    Social entrepreneurs looking to apply for the Lloyds Bank Social Entrepreneurs Programme will need to have their applications submitted by this Thursday at 3pm. The scheme offers a year’s worth of learning, business mentorship and funding to help those successful in applying start or grow their social enterprise. It is offering entrepreneurs £4,000 for a […]

    April 2, 2014
  • Innovative businesses receive finance boost from Government

    The Intellectual Property Office has issued a grant of £660,000 to nine projects in order to help a number of firms to realise their innovations and bring them to market. Lord Younger, minister for intellectual property, awarded the prizes in a ceremony which took place at the University of Birmingham. Each winner will be granted […]

    March 24, 2014

Ask the Expert

 

Need Help?

If you'd like more information, then why not book a free consultation with our experts!

As well as the High Street banks, we work closely with the following independent invoice finance companies:

IFS Guide
PSF Presentation
IFS Guide
PS Finance: Finance Companies - NACFB - Helping Fund UK Businesses  Federation of Small Business - Invoice Discounts and Factoring for Businesses