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

  • Finance insight underutilised by businesses, finds report

    Organisations are failing to seek assistance when it comes to making financial decisions, which has caused an increased need for finance collaborations within the last two years, according to research from Deloitte. However, the professional services network’s annual study, which surveyed 75 financial officials in senior positions, suggests that more than 50% of organisations fail […]

    November 21, 2014
  • Housebuilding industry is growing, says FMB

    SMEs in a number of industries are experiencing an increased workload, says a Federation of Master Builders report, with housebuilding firmly at the top of the list. However, while SMEs in the construction industry have contributed towards the sector’s growth, numbers are some way off from those it posted before the recession, according to the […]

    November 12, 2014
  • SMEs dealing with increasing costs

    Smaller businesses are seeing a rise in costs by three times that of inflation, according to new data. The Forum of Private Business uncovered the statistic in its latest survey, which asked owners of small enterprises what was stopping them from growing. Lack of business finance was cited among the reasons given. The research found […]

    November 6, 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