HSBC backs Leicestershire vehicle parts company
Melton Mowbray’s Trade Vehicle Parts, a business focused on providing vehicle accident repair components, is set for expansion with backing from HSBC UK.
HSBC UK’s funding will help Trade Vehicle Parts expand its selection of vehicle parts like hoods and bumpers from around the world, giving customers more options for vehicle repairs.
This financial support will facilitate the import of essential stock from nations such as Taiwan, China, and Poland. The partnership also leverages HSBC UK’s Global Wallet, a virtual account designed for multiple currencies.
The funding from HSBC UK also covers refinancing Trade Vehicle Parts’ commercial mortgage for its 17,000 sq ft headquarters in Melton Mowbray.
Deyan Petrovski, owner of Trade Vehicle Parts, said: “This funding from HSBC UK is a crucial milestone in our growth journey. Operating in an industry where working closely with international suppliers is so important, we are grateful for the ability to maximise our cashflow due to HSBC’s international footprint.”