Member Article

Steel City metal distributor to expand business with £600k investment

Metal distributor Broder Metals Group, based in the UK’s Steel City, is planning to take on more bespoke projects following a six figure new facility package from HSBC.

Broder Metals Group, a specialist stock-holder of a wide ranging mix of metal products, moved to HSBC in January 2015 after a £600k funding package was agreed with HSBC’s new leadership team, which has been appointed to support mid-sized businesses in South and West Yorkshire.

The new funding arrangement put forward by HSBC will enable Broder to secure larger bespoke contracts, whilst giving the company confidence that funding is in place to source the materials needed.

To support MMEs across South and West Yorkshire, HSBC has appointed Mike Swift as area director of Corporate Banking, with David Beaty as regional director of Corporate Banking for the North.

Mark Burton, managing director of Broder Metals Group, said: “From a city renowned for steel, we offer knowledge, enthusiasm, expertise and a wide ranging mix of metals and metal products.

“We are keen to expand by taking advantage of new opportunities and HSBC’s new Corporate Team was there to help.

“The funding secured will enable us to tender for larger bespoke contracts confident in the knowledge that the funding is available.”

David Beaty, said: “Sheffield is famous for its industrial heritage and steel, and mid-sized businesses are critical to the success of this and other sectors.

“Companies like Broder Metals Group are ambitious and innovative, and I am delighted that our new Corporate Team was able to support Broder with their new banking and funding arrangement.”

This was posted in Bdaily's Members' News section by Clare Burnett .