Monday, August 3, 2020

Derby fencing firm lands £1.1m investment from HSBC

First Fence, the Derby-based fencing business, has completed a management buy-out (MBO) of TD Galvanizing with £500,000 of funding from HSBC and rebranded as  ‘First Galvanizing’.

In addition to the MBO, HSBC has provided £600,000 to First Fence to buy a storage site in Tipton, in the Black Country. The new site will be used to store fences before being distributed across the country.

Vinny and Umesh Kotecha owners and directors of First Fence says: “We’re thrilled to welcome First Galvanizing to our growing business. HSBC’s support has enabled us to vertically integrate across the supply chain with the buy-out of one of our main suppliers – lowering our supplier costs and allowing us to offer a more complete service.”

Dave Welch, HSBC Area Director for Business Banking in the East Midlands, adds: “We are delighted to have supported First Fence and help the team expand their business. Vinny has some exciting plans for the future and we look forward to working with him as he continues to grow the business.”

The funding was arranged by HSBC Relationship Manager, Seeta Parmar.

First Fence supplies a wide range of security and temporary fencing, as well as offering traffic management and access solutions. The business has sites in Swadlincote (Derby), Tipton, Dartford, Bradford, Bristol and Scotland, and serves clients on a national and international scale, catering to a variety of commercial and industrial markets and the public sector.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

Portfolio of Northamptonshire industrial properties snapped up in £10.4m deal

A portfolio of five industrial assets in Northamptonshire have been acquired by a £100m multi-let investment fund for a total of £10.4m. Managed by property...

Pride Park offices sold

On behalf of private clients, FHP Property Consultants has sold 12 Mallard Way, Pride Park, Derby. The property comprises a two-storey end terraced office building...

Breedon completes CEMEX acquisition

Breedon, the Leicestershire-based construction materials group, has completed its acquisition of certain assets and operations from CEMEX, as announced in January 2020. The Competition and...

A third of Midlands businesses are succeeding in the ‘new normal’ – BDO

Growth remains on the agenda in the East and West Midlands, with 80% of medium-sized businesses intending to take on more apprentices as a...

Wealth management business completes acquisition

Mattioli Woods plc, the specialist wealth management and employee benefits business, has completed the acquisition of Hurley Partners Limited, the private client adviser and...

Related news

IoD appoints Policy Voice Ambassador for the East Midlands

The IoD has appointed James Pinchbeck as Policy Voice Ambassador for the East Midlands. James is a partner with Streets Chartered Accountants, a mid-tier and...

Portfolio of Northamptonshire industrial properties snapped up in £10.4m deal

A portfolio of five industrial assets in Northamptonshire have been acquired by a £100m multi-let investment fund for a total of £10.4m. Managed by property...

Pride Park offices sold

On behalf of private clients, FHP Property Consultants has sold 12 Mallard Way, Pride Park, Derby. The property comprises a two-storey end terraced office building...

Breedon completes CEMEX acquisition

Breedon, the Leicestershire-based construction materials group, has completed its acquisition of certain assets and operations from CEMEX, as announced in January 2020. The Competition and...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close