Chesterfield outdoor equipment specialist acquires new premises with support from HSBC UK

Chesterfield outdoor equipment specialist acquires new premises with support from HSBC UK

Hubaco Ltd, the parent company of Terra Nova Equipment, best known for the design and manufacture of award-winning outdoor equipment, and, an online schoolwear supplier, has moved into its new premises in Clay Cross, Derbyshire, after securing a £1.3 million commercial mortgage from HSBC UK.

The decision to relocate from its old 16,000 sq.ft. facility to a 32,000 sq.ft. new-build unit was made in anticipation of future growth. Doubling its physical footprint, the new bespoke facility will provide improved production facilities and warehouse space for the continued growth of its brands world-wide and recent acquisitions. The move has brought nearly 50 full and part-time jobs to the area.

Terra Nova Equipment is best known for the design, manufacture and distribution of high-quality camping and expedition equipment and holds multiple Guinness World Records for the lightest tent. YourSchoolUniform supplies schoolwear and sportswear to primary and secondary schools across the UK, including bespoke printed garments for clubs, trips and leavers.

Andy Utting, CEO at Terra Nova Equipment, said:

“To meet customer demand and build on our bespoke services, we needed to make the move to larger premises. We’re confident that with increased production capacity, we can grow the business further whilst maintaining the high quality of our end product. The support of Chris Smith, our Relationship Manager at HSBC UK, was key to making our move happen.”

David Tomlinson, Area Director for Business Banking in East Midlands, HSBC UK, said:

“Hubaco and its subsidiaries had outgrown its previous workspace so the move to larger premises has enabled the business to operate more efficiently and provide better service as it expands into new marketplaces. HSBC UK was committed to supporting the business’s expansion plans and we wish them all the best for the future.”

The funding is part of HSBC UK’s £500 million lending fund to support small and medium-sized enterprises (SMEs) in the East Midlands.

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