Christmas decoration firm expands Lincoln footprint
Fizzco, a supplier and installer of Christmas decorations, has increased its footprint in Lincoln by 50% after expanding into a new showroom with a five-figure loan from HSBC UK.
The family-run business, which supplies products directly to companies and shopping centres such as East Kilbride; Scotland, Intu Watford, and anywhere in between, has used the funding to buy new 5,000 sq ft premises at Lincoln Enterprise Park, which is next to its 10,000 sq ft site.
The new site is a dedicated space to display and sell ex-hire Christmas decorations to local businesses, creating a new revenue stream for the company.
The funding from HSBC UK has supported the company’s cash flow during the lockdown period as shopping centres and retail facilities, which account for 85% of Fizzco’s customer base, have been closed.
Wendy Clarkson, director at Fizzco, said: “Christmas may be a little more uncertain for us all this year, but that hasn’t stopped us from moving forwards as a business and helping to spread some Christmas cheer. Thanks to the support from HSBC UK, we have been able to purchase a new showroom and open up a new revenue stream during such uncertain times.”
Ian Green, HSBC UK relationship manager for Lincoln, added: “HSBC UK was pleased to facilitate Fizzco’s recent expansion which will create a new revenue stream for the company during Covid-19. The business has already completed some incredible work with its customers in 2020, including the NHS, and we look forward to continuing to support the team.”
Fizzco previously secured a six-figure commercial mortgage from HSBC UK in 2019 to help purchase its 10,000 sq ft premises at Lincoln Enterprise Park.