WAV firm to use £500k refinancing package to fuel R&D projects and expansion

HSBC Sirus

Wheelchair accessible vehicle (WAV) supplier, Sirus Automotive, has received a £500,000 refinance package from HSBC UK to support its new research and development (R&D) programme and facilitate its international expansion plans.

Sirus will use the funding to expand its operations in Wednesbury, West Midlands, where the business has built additional office space to accommodate its growing team. Sirus has also implemented a new CRM system to service its customer base.

In the last 12 months, Sirus has launched a new conversion based on the Ford Grand Tourneo Connect – a WAV designed for wheelchair users to drive or travel upfront as a passenger.

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The unique side-entry conversion features a short ramp for passengers to comfortably enter and exit.

Since launching the Ford, the business has set up new distribution contracts in Europe and New Zealand.

Simon Pearson, managing director, Sirus Automotive Ltd, said:“We have a dedicated R&D team that takes a fresh approach to vehicle conversions. Our ethos is to design innovative Upfront WAVs with premium quality, backed up by industry-leading customer service.

“This dedication allows our customers to experience the very best in innovative vehicle designs. We are passionate about our continual new product development programme, which aims to meet our customers’ every-day mobility needs.”

Stephen Peart, area director for business banking in the Black Country, HSBC UK, said: “HSBC UK is actively 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. This is an exciting time for the Sirus team and we wish them the best for the future.

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%.

Photo credit: Dave Warren/Picture Team

Tags : HSBCsirusupfront wavwavwheelchair accessible vehicle
Joe Peskett

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