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Welshpool manufacturer secures bank support

Zip Clip, a manufacturer and innovator of wire suspension systems, based in Welshpool, Wales, has received a facility from HSBC UK to support the business during the Covid-19 pandemic, as it looks to ensure it meets demand from its existing and new customers.

A customer of HSBC UK since the business was established in 2004, the funding has enabled the company to continue to distribute its products to building services contractors, with the unique design of the products making them easier to handle and simpler to install, which has proved vital due to social distancing restrictions. This includes contractor Geoffrey Robinson, which developed the NHS Nightingale North East Hospital, where Zip Clip was able to ensure that supplies were delivered in as quick a timescale as possible to assist the build.

Zip Clip’s product range is used across a range of applications including electrical, mechanical, signage and seismic industries, due to its flexibility for use and bespoke system specification.

Recipient of the prestigious Queen’s Award in 2019 in recognition of its enterprise in international trade, Zip Clip also continues to export its products to customers to over 40 countries around the world, including Australia, Europe, South America, and has recently embarked on a project in India. Enjoying significant growth since its inception, the Welsh manufacturer also boasts offices in France and Australia to further support its growing export market and has continued its export operations to Australia during the lockdown to ensure the delivery of key supplies to its customers.

As well as the facility, the organisation also benefits from trade finance support from HSBC which has further supported the company during this period of uncertainty.

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Steve Goldsworthy, CEO of Zip Clip, commented: “Our products are used in areas where social distancing can be a real problem, and we’re delighted to have been able to continue to provide vital services and products to customers during the pandemic, which we know has made a huge difference to a number of customers in supporting their work with the NHS.

“The support from HSBC UK has really provided our business with a safety net during this uncertain time and allowed us to focus on the future of our business, putting us in the best possible position to continue to develop and grow. We have a fantastic team behind us at HSBC UK who have been with us since the very beginning, and have opened a number of opportunities that would have never been possible without its business connections.”

Jon Forster, Relationship Director Corporate Banking Wolverhampton, HSBC UK, said: “HSBC UK is committed to supporting its customers during this period of uncertainty and we were delighted to be able to further support the team at Zip Clip with an additional facility, enabling them to meet increased demand and further support customers and vital national industries with their innovative product range.”

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