Traffic sign firm gets green light for growth with major investment

Dr Mani Yazdanpanahi, managing director Morelock Signs, and Russ Fisher, relationship director HSBC UK

Morelock Signs, the Willenhall-based traffic sign designer and manufacturer, has expanded its services after buying one of the largest traffic-sign manufacturing machines in the world.

Morelock, which supplies a range of signs from intelligent transport to health and safety signage, said the machine will help expand its capabilities in both the traffic and commercial sectors.

The new machine, bought with the help of a £160,000 HSBC UK loan, will enable a production increase of 25-35% and creates more detailed images than the previous system allowed.

The purchase comes as part of Morelock’s expansion plans, which follows a recent complete refinance to HSBC UK in 2018.

Mani Yazdanpanahi, managing director of Morelock Signs, said: “HSBC’s support has meant we can reinvest back into the business and focus on expanding our services and improving productivity. The Durst machine will create a new revenue stream by helping us expand into the commercial sector.”

Morelock has also used funding from HSBC UK to update its production area to increase efficiency and recruit more staff. The business aims to recruit a further 10-15 new staff on the back of this investment, as well as increase profit by 25%.

Claire Brunning, area director for corporate nanking in Birmingham, HSBC UK said: “Morelock’s new machine is providing them with a very distinctive place in the sign manufacture market and is allowing them to continue their strong year-on-year growth and offer signage to a new segment of the market. HSBC UK is committed to supporting innovative businesses with a clear vision for growth and Morelock is a prime example of this. We’re excited to watch the company realise its ambitions over the coming 12 months and beyond.”

 

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