Huddersfield-based Bespoke Stairlifts Ltd, a company specializing in custom stairlifts, is set to accelerate its international growth following a seven-figure funding boost from HSBC UK. This investment will help the company expand its workforce by 25% over the next year, while also enhancing its manufacturing capabilities.
The funding, which includes working capital through invoice and trade finance, will allow Bespoke Stairlifts to invest in new machinery and technology. The goal is to increase production capacity and meet the growing demand for its products, which are already exported to over 70 countries, including North America, the French Caribbean, India, and various parts of Europe.
The company is also forecasting a 30% rise in turnover, which is expected to reach £17 million by 2025.
Joanne Kennedy, Managing Director of Bespoke Stairlifts, expressed her excitement about the new opportunities. “The support from HSBC UK will enable us to expand our production and explore new markets for our leading stairlift solutions,” she said. “We are eager to see how this international growth will benefit both our company and our dedicated team.”
Andrew Bennett, Area Director at HSBC UK, highlighted the company’s potential. “We are committed to helping businesses like Bespoke Stairlifts grow and strengthen the local economy. The company is a great example of Yorkshire’s manufacturing excellence, and its global ambitions reflect the skill and drive of its workforce. We are proud to assist Bespoke Stairlifts as it looks to seize new opportunities both in the UK and overseas.”
The funding deal was arranged by HSBC UK’s senior relationship manager Ash Khan and business development manager Simon Kitchingman. Bespoke Stairlifts operates from three locations in West Yorkshire, with a full-scale manufacturing facility in Huddersfield, and additional sites in Bradford and Bingley. With the recent expansion, the company’s production capacity has tripled from 12,000 sq. ft. to 36,000 sq. ft. The company now employs more than 130 staff members.
