Business Finance Designed For You | Manufacturing
Nov 4, 2021 | Ben Davies
It is safe to say that 2019-2021 has been an extremely difficult period for UK SME’s and the manufacturing sector has felt the full force of the Covid-19 pandemic as much as any. As a sector that was already experiencing existing supply chain, workforce, and other economic challenges the disruption caused by Covid really did put pressure on. Over the past 12 months, Hexa Finance has been fortunate enough to speak with many businesses in this sector and are continuously impressed by the level of resolve and positivity shown despite such adversity.
One of the clients we have been fortunate enough to work with is Equi-Jewel by Emily Galtry, an equestrian design and manufacturing business based in South Wales. Having experienced supply chain and manufacturing challenges due to Covid, owners Chris, Tracey and Emily Galtry made the bold decision to expand their in-house manufacturing capability to meet the ever-increasing demand for their products.
Hexa was able to support Equi-Jewel with a combination of working capital and equipment finance to help facilitate this move. Here is what Chris Galtry had to say:
“Thanks to the funding package Hexa were able to provide we have not only secured our production in house and given us full control over the quality, but we have also been able to add a new aspect to our business offer with garment and horse wear personalization, we could not have achieved this without the can-do approach Hexa brought to the problem, allowing us to grow our business with confidence.”
Thankfully, according to a recent report from BDO, Britain’s manufacturers hit a record high level of output in the last quarter as the UK and European economies continued to open back up. Hexa is excited to follow the Equi-Jewel journey over the coming months and look forward to helping more UK based manufacturers achieve their growth ambitions in the months and years ahead.