Friday, July 30, 2021

Nottinghamshire manufacturer doubles physical footprint with new premises

A Nottinghamshire manufacturer and wholesaler of electrical components has purchased its first ever premises to support the launch of its new third-party logistics venture, after securing a seven-figure commercial mortgage from HSBC UK.

The funding has enabled SAC Electronics to move from a 14,000 sq.ft. leased unit in Mansfield to a 32,000 sq.ft. freehold premise in Hucknall, more than doubling its physical footprint.

The investment will not only secure the company’s future but also support the launch of SAC Storage, a new separate entity, which will allow existing customers and local businesses to store large quantities of stock purchased in bulk due to supply chain disruptions and long lead times caused by the pandemic.

The company, which predominantly supplies its products to retailers and Trade Counters, hopes to continue to expand both businesses across the UK over the next few years.

Frank Doherty, Managing Director of SAC Electronics, owner of SAC Storage, said: “Despite the challenges we’ve faced over the last 12 to 18 months, we’re now in a good position to grow the business at a faster rate than ever before.

“With our new premises and the launch of SAC Storage, we’re excited about the future and would like to thank our Relationship Manager at HSBC UK, Mark Greasley, who clearly understood our ambitions and growth potential.”

Paul Armstrong, HSBC UK Area Director for East Midlands, added: “HSBC UK is committed to helping businesses realise their ambitions. We were pleased to support SAC Electronics, providing funding to allow the business to take an important step in its growth journey while responding to the needs of its customers.”

Founded in 1955, SAC Electronics is a manufacturer and wholesaler of aerial, satellite and security products.

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 pandemic 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

Related news

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