Knott-Avonride Limited are suppliers of axles, brakes, cables, chassis and overrun couplings for trailers and industrial applications for both domestic and export customers. Knott-Avonride Limited is a UK Company, a subsidiary of a family run Knott Group based in Bavaria, Germany.
Following the temporary closure of Knott-Avonride’s three sites in March due to the pandemic, the additional facility from HSBC UK, will enable the Company to continue to safeguard employment and give support during these uncertain times. The measures will ensure Knott-Avonride remains in the best position possible to resume ‘business as usual’ as soon as it is able to do so.
Neil Collins, Director & Company Secretary of Knott-Avonride, commented:
“Protecting the employment of our 120 employees is of paramount importance to us, as is supporting our business during this critical time. The team at HSBC UK have been excellent to work with during this process and the additional facility provides us with the reassurance and flexibility needed.”
Jack Coley, Relationship Director, East Midlands Corporate Banking, HSBC UK, said:
“At HSBC UK we are committed to supporting our customers during this period of uncertainty. With every business it’s important we are able to tailor the support required to meet the customer’s needs, and we were delighted to be able to support the team at Knott-Avonride with the additional facility.”
HSBC UK is working closely with the Government and UK Finance to identify emerging issues and make sure customers and businesses have the advice and support they need. For tips and advice for businesses around planning for any possible disruption, visit www.business.hsbc.com/novel-coronavirus.
The new measures build upon the package of support that HSBC UK has already announced for business customers:
Note to editors
HSBC UK serves around 14.5 million customers across the UK, supported by 32,000 colleagues. HSBC UK offers a complete range of retail banking and wealth management to personal and private banking customers, as well as commercial banking for small to medium businesses and large corporates.
HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,918bn at 31 March 2020, HSBC is one of the world’s largest banking and financial services organisations.