A1 Towing in growth plan drive

TOWBAR designer and manufacturer A1 Towing is to expand its premises and stockholding capacity after receiving funding support.

The Sheffield-based business will also double the size of its design capacity and create a new brand.

HSBC’s commercial banking team in South Yorkshire, led by international business manager Jon Gillgrass and commercial manager Simon Harget.

The business, which was established more than 40 years ago, was bought by its present shareholders in 2006.

Mark Terry, managing director of A1 Towing, said: “This is an exciting time for our company – our expansion is the next step on the path to be recognised as the UK’s leading supplier of towbars and related products, offering the highest quality products, services and people.”

Martin Nattrass, HSBC’s area commercial director for South Yorkshire, said: “A1 Towing has thrived thanks to its strong, innovative management team. The company has experienced rapid growth since it was taken over in 2006, cementing its position as a market leader in its sector.

“As such, it has become a great example of how an entrepreneurial, forward thinking attitude can achieve ambitious growth plans.”