Autins Poised For Growth After AIM Listing and HSBC Support

Added by Love Business East Midlands | 15 December 2016

**£10.5m finance package from HSBC enables investment in new machinery**

Rugby based Autins Group Plc, a leading UK designer, manufacturer and supplier of acoustic and thermal insulation solutions for the automotive sector, including Bentley and Jaguar Land Rover, is set for growth after successful AIM listing and securing a £10.5 million HSBC finance package.

HSBC’s financial support comprises £4.5m in asset finance and £6m in invoice discounting facilities. The financing will enable Autins to invest in new machinery in 2017.

HSBC has worked alongside Autins during its listing on the AIM market, with the Rugby-headquartered business being the first UK manufacturer to list on the AIM market following the UK’s vote to leave the European Union.

James Larner, Chief Financial Officer of Autins Group Plc, said:

“HSBC provided us increased finance facilities for growth and will provide a cross European banking solution to support our subsidiaries in Germany and Sweden. We’re at a really exciting time for our business and are looking to invest further to streamline our manufacturing process and expand our client portfolio.”

Markus Keller, HSBC’s Area Director for Corporate Banking in the West Midlands, said:

“This deal is a great example of the support we’re able to provide to businesses in the region, helping rebalance the UK economy outside of London and provide financial support post-Brexit. This funding will help strengthen our relationship and we look forward to assisting Autins to realise their ambitious growth plans.”

Autins specialises in the design, manufacture and supply of acoustic and thermal insulation solutions primarily in the automotive sector but with an increasing focus on other sectors. This includes white goods, power generation, marine, apparel, rail, commercial vehicles and industrial sectors.

The funding was arranged for Autins by HSBC Relationship Director, Joanne Yapp-Pennino. 

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