A WIGAN business is gearing up for further international success with the help of a global financial giant.
Valve and fittings manufacturer Safelok Components Ltd, has consolidated its banking processes using HSBC’s commercial banking team based in Lancashire and Cumbria.
The deal sees the Lamberhead Industrial Estate based company prepare for future growth overseas through the simplification of its banking requirements.
MD David Barton, said: “Our business is an export led business that has continued to grow internationally despite the turbulent economic climate.
“Therefore, we needed a bank with international expertise which could align our banking globally.
“Thanks to HSBC we are now in a position where we are appropriately funded for growth and we are looking forward to taking advantage of further exporting opportunities across the world.”
Safelok, a manufacturer of high pressure valves and fittings for use in the oil and petrochemical industry, was established in 1983 by chairman John Barton, who still runs the business alongside his son David.
The company already has an established customer base in Europe, Asia and the Middle East but is now looking to new opportunities in emerging markets.
HSBC’s area commercial director, Leigh Briggs, said: “The engineering sector is one of the UK’s greatest wealth producing sectors and therefore forward thinking companies such as Safelok have a critical role to play in the overall economic recovery.
“While many economies across Europe continue to face challenges, HSBC’s recently released Global Connections report shows there are many other global markets where growth is dynamic, presenting a real opportunity for businesses like Safelok.”