Halifax laundry company creates new jobs with fleet expansion
A Halifax-based commercial laundry equipment supplier has expanded its fleet of vehicles with the support of a six-figure funding package from HSBC UK.
MAG Laundry Equipment, which specialises in the supply, installation and aftercare of commercial laundry equipment, has used the funding to purchase six new Volkswagen vans.
The business has also invested in new technologies to increase productivity, with all laundry equipment now WIFI-connected and remotely accessible. Increased spending on the business’s web presence has also helped European supplier relations.
This expansion is expected to boost MAG Laundry Equipment’s turnover by 25% over the coming year and create seven new jobs.
Mark Dennis, director of MAG Laundry Equipment, said: “We have banked with HSBC since 2009 and have always been impressed with its level of support for small businesses. Knowing we wanted to pursue plans to expand this year, we decided to explore our financing options.
“With the support of our relationship manager Victoria Kielty and her team at HSBC UK, we were able to secure the funding needed to buy new vehicles for the business and facilitate growth.”
Victoria Kielty, HSBC UK’s Relationship Manager for West and South Yorkshire, added: “Over the last nine years, the team at MAG Laundry Equipment has shown enormous ambition and an increasing appetite to grow its number of services.
“We are delighted to be able to support the business in fulfilling its objectives, enabling it to maintain and enhance its position as one of the country’s leading commercial laundry supply and service companies.”
The UK is set to leave the EU on 31 October 2019. Are you preparing for Brexit? Complete the North East Growth Hub and Tees Valley Business Compass’ 3-minute survey →