GJD Manufacturing secures HSBC finance to drive export growth

GJD Manufacturing Limited

Heywood based security detection equipment manufacturer GJD Manufacturing has secured a £400,000 finance package from HSBC to support the company’s export growth, including financing tooling equipment to produce a new product range and helping the company to increase imports of component parts.

GJD Manufacturing designs and manufactures professional external detector equipment, as well as CCTV and security lighting controllers utilised in the intruder surveillance sector. Based in Heywood, the Group plans to grow sales from £4 million to £10 million over the next four years, with much of that growth coming from overseas markets.

The finance package was provided by HSBC’s Manchester Commercial team in a deal managed by Senior International Commercial Manager Graeme Faraday. The finance, which includes loans, invoice finance, trade finance and foreign exchange products, has been allocated from HSBC’s £500 million SME Fund for North West businesses, £200 million of which has been earmarked specifically for Greater Manchester companies.

The company will use the import finance facility to increase imports of components used in the production of its security equipment. It has also acquired tooling equipment used in the production of new product ranges, which will be debuted at the IFSEC Exhibition at London’s Excel Centre in June.

GJD was founded in 1983 by Gilbert and Jayne Davies and was acquired by current Managing Director Mark Tibbenham in 2004. It employs 32 people in the UK, plus two at its Hong-Kong subsidiary, GJD Asia. The company currently generates 25% of sales from exports to 40 different markets, including Europe, Israel, Australia, China and the Middle East, but plans to increase that to 50% by targeting new countries, such as South Africa and the US.

Mark Tibbenham said: “Outdoor detection is the first line of defence and it is more cost effective to stop or deter an intruder outside of the property than inside. The global opportunity for this product is immense in both mature and emerging economies and we are working with HSBC and the likes of UKTI to grow our exports. The finance provided by HSBC is an important element of this as it will help increase and smooth out our imports of the components used to make products, as well as enabling us to develop new product ranges.”

Jason Trigg, HSBC Manchester Area Commercial Director, said: “We're excited to be a part of GJD's ambitious expansion plans, using our unrivalled knowledge of international markets and trade finance expertise to help improve the flow of imports used in the production process and to help explore new export opportunities. We're delighted to drawdown a further tranche of our SME Fund and I would urge other Greater Manchester companies to talk to us about how we can help them invest in their business.”