HSBC helps North East IT firm upscale with six-figure funding

An IT consultancy in Durham has moved into new, 13,000 sq ft headquarters after securing a six-figure finance facility from HSBC UK.

The HSBC UK funding has enabled Waterstons to upscale its headquarters by 5,000 sq ft and enhance their working experience with both customers and colleagues.

Waterstons, which was founded in 1994, provides creative tech-based solutions, including business transformation consultancy and cyber security along with bespoke development, managed services and infrastructure consulting.

Michael Stirrup, financial director at Waterstons, said: “Waterstons’ ‘People First’ philosophy puts people at the heart of our organisation.

“Through HSBC UK we have been able to secure a new facility that is not only larger to accommodate our growth needs and aspirations but also has drastically improved the look and feel of the office.

“The new space allows a mix of different working spaces and breakout areas, and uses the latest technology to improve collaboration across our offices and with our customers. Our headquarters now really reflects our culture and how we like to work at Waterstons.”

Waterstons employs 160 people across three UK sites, Durham, London and Glasgow, and an office in Australia.

The finance was allocated from HSBC UK’s national SME Fund, which aims to actively support UK SMEs. A £12bn fund was announced by HSBC UK, with £350m committed to supporting SMEs in the North East.