Black Country-based Sirus Automotive, the UK’s leading provider of Upfront Wheelchair Accessible Vehicles (WAVs), has received a £500,000 refinance package from HSBC UK to support its new Research & Development (R&D) programme and facilitate its ambitious international expansion plans.
The business, established in 2004, has supported over 15,000 drivers and passengers to overcome every-day mobility issues by converting and adapting vehicles. Its compact designs are built for wheelchair users driving from a wheelchair or travelling upfront as a passenger, as well as offering an adaptations service for customers with standard cars.
Sirus, which has set up new distribution contracts in Europe and New Zealand, will use the funding to drive forward its new R&D programme. This will include the expansion of its operations in Wednesbury, where the business has built additional office space to accommodate its expanding team.
Simon Pearson, managing director of Sirus Automotive Ltd, said:“We have a dedicated R&D team that takes a fresh approach to vehicle conversions. We are passionate about our continual new product development programme, which aims to meet our customers’ every-day mobility needs. Thanks to our Relationship Manager at HSBC UK, Alex Richards, we will be able to continue on our journey, including our expansion plans in Europe and New Zealand.”
Stephen Peart, Area Director for Business Banking in the Black Country, HSBC UK, said the bank wasactively supporting UK businesses by connecting them to international opportunities. “The vehicle mobility market is growing rapidly and Sirus has proved to be at the forefront of innovative designs and solutions for drivers and passengers who are affected by a disability. Due to its success in the UK, the business has won distribution contracts for Europe and New Zealand,” he added.
Over the last three years, since David Gee and Andrew Ramsbottom of Advert Partners LLP acquired a share of the business, the team has increased turnover by 60 per cent.
Caption: From left to right, top to bottom: Andrew Ramsbottom (Director, Sirus Automotive), Alex Richards (Relationship Manager, HSBC UK), David Gee (Director, Sirus Automotive) and Simon Pearson