Case studies

The support from Lloyds Bank has been outstanding. Having banked with them for a number of years, the relationship team really understands our business.
Andy Webber
Owner, South West Hire and Sales

South West Hire and Sales

One of the South West's biggest independent tool hire firms has expanded with the opening of its third branch, using financial support from Lloyds Bank Commercial Banking and Lloyds Bank Commercial Finance.

South West Hire and Sales Ltd was established in 2007 by Andy Webber and Mark Williams, who launched the business after spotting a gap in the South West market for an independent tool hire service.

With the business continuing to prove popular amongst the local community, Andy and Mark approached their bank, Lloyds Bank Commercial Banking, in order to secure a tailored financial package to help purchase a third site in Newquay which opened earlier this year.

The pair were also introduced to Lloyds Bank Commercial Finance which provided an asset based finance facility, enabling the firm to maintain a consistent cashflow by advancing up to 90 per cent of the value of issued customer invoices.

Andy Webber, owner of South West Hire and Sales, said: "My previous experience in the industry meant I was well equipped to start my own business and capitalise on the gap in the local market for a tool hire service.

"The support from Lloyds Bank has been outstanding. Having banked with them for a number of years, the relationship team really understands our business and they are continually coming up with new ideas to help us grow in the most efficient way possible."

Richard Bowley, Relationship Manager at Lloyds Bank Commercial Banking, said: "We have a network of relationship managers that are committed to working closely with ambitious businesses like South West Hire and Sales to help them access the right support and funding packages to aid their growth and development."


Any property given as security which may include your home, may be repossessed if you do not keep up repayments on your mortgage or other debts secured on it.

All lending is subject to a satisfactory credit assessment.

With the support of our facility, the company can further improve its working capital provision and effectively prepare to maximise key trading periods, and build on its impressive development to date.
Andrew Gaunt
Relationship Manager,
Lloyds Bank Commercial Finance

IMC Toys UK

A toy distributor is targeting over 50 per cent sales growth having secured a £1 million factoring facility from Lloyds Bank Commercial Finance.

Established in 2004, IMC Toys UK provides licensed products, which are aimed at children from six months to eight years of age, to a range of national retailers.

IMC Toys UK recently recognised a requirement to secure additional funding for ongoing investment in its expansion strategy and to further support its cashflow requirements, which are aligned to the seasonality in retailer and consumer toy buying patterns. As a result, it secured a £1 million factoring line from Lloyds Bank Commercial Finance.

The UK company is wholly owned by Spanish parent IMC Toys SA, which was incorporated in 1981 and is today counted amongst Europe's 20 largest toy manufacturers.

Terry Crew, Managing Director at IMC Toys UK, said: "As a business we share our parent company's commitment to growth and high quality customer service, and continue to be amongst the UK's fastest expanding toy suppliers despite challenging market conditions.

"The Lloyds Bank Commercial Finance team took a diligent and pragmatic approach to funding, and were able to arrange a facility closely tailored to our working capital cycle and expansion ambitions."

Andrew Gaunt, Relationship Manager at Lloyds Bank Commercial Finance, said: "IMC is a highly ambitious, growing business, with a strong management team and the support of its multinational parent. Its suite of popular products, strong customer base and high quality services, positions the company for future expansion.

"With the support of our facility, the company can further improve its working capital provision and effectively prepare to maximise key trading periods, and build on its impressive development to date."

The lending package we were able to put together for the company reflected its specific needs, and is a good example of the individually tailored facilities we are able to offer our customers.
Dave Brigden
Relationship Director,
Lloyds Bank Commercial Banking

SG World

A business compliance company has secured its future by purchasing its existing premises, with the support of a £5 million loan package led by Lloyds Bank Commercial Banking.

Established in 1969, SG World provides health and safety products, including printed stationery and visitor management systems, to a wide range of private and public sector customers.

With its headquarters and main manufacturing facilities in Crewe, the company, which employs 150 staff, also has operations in London, Dublin and Dusseldorf and is planning to open an office in the USA within the next 12 months.

The company approached Lloyds Bank Commercial Banking to secure the funding to buy the premises, as well as to provide working capital for SG World's growth plans.

The bank put together a £5 million package involving a loan and working capital, as well as an invoice discounting facility from Lloyds Bank Commercial Finance.

Mark Haase, Director of SG World, said: "The repurchasing of our premises marks an important step in SG World's growth strategy, affirming our commitment to developing both our UK and overseas operations.

"The mix of short and long term lending provided by Lloyds Bank perfectly suited our needs, and the support and guidance from our Relationship Director in bringing together the other lending partners was key to securing the successful completion of the deal."

Dave Brigden, Relationship Director for Lloyds Bank Commercial Banking, said: "SG World is a strong and well-managed company that continues to thrive and expand in a difficult economic climate, and is now well placed to take advantage of growth opportunities in the coming year."


Any property given as security which may include your home, may be repossessed if you do not keep up repayments on your mortgage or other debts secured on it.

All lending is subject to a satisfactory credit assessment.

The business requires an adequate level of funding to ensure it is well placed to take advantage of growth opportunities. Factoring is an ideal solution for start-ups such as O4 which are already experiencing considerable demand.
Simon Marks
Regional Manager,
Lloyds Bank Commercial Finance

O4 Office Furniture

Business is booming for a furniture manufacturing business after it was launched using a funding package from Lloyds Bank Commercial Banking.

O4 Office Furniture manufactures and supplies entry level office furniture including desks, tables and various storage units to furniture distributors and wholesalers nationally.

The company was set up by Directors, Tim James and Nigel Kettlewell, who both previously worked for a wellknown local furniture manufacturer.

To launch the firm, the business partners approached Lloyds Bank Commercial Banking to secure the funding they needed. They also secured a factoring facility from Lloyds Bank Commercial Finance, enabling the firm to maintain a consistent cashflow by advancing up to 90 per cent of the value of issued customer invoices.

Tim said: "We aim to continue to capitalise on our long-term experience and knowledge of the furniture manufacturing sector. We detected a gap in the market for an office furniture manufacturer, and by capitalising on this we are now in an excellent position to develop and generate further business.

"The support provided from Lloyds Bank Commercial Banking and Lloyds Bank Commercial Finance has ensured that we have sufficient funding to set up the business and the factoring facility will continue to provide flexibility in our cashflow as we invest to expand."

Simon Marks, Regional Manager at Lloyds Bank Commercial Finance, said: "With a wide customer base already well-known to the directors of the business, and their strong track records in the regional market, O4 is already on the front foot to succeed.

"The business requires an adequate level of funding to ensure it is well placed to take advantage of growth opportunities. Factoring is an ideal solution for start-ups such as O4 which are already experiencing considerable demand."


Any property given as security which may include your home, may be repossessed if you do not keep up repayments on your mortgage or other debts secured on it.

All lending is subject to a satisfactory credit assessment.

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