CORPORATE ADVISORY FIRM SECURES BANK PACKAGE

CORPORATE ADVISORY FIRM SECURES BANK PACKAGE

A corporate advisory group with offices in Cardiff, Pembroke and Bristol has secured a six-figure funding package from HSBC UK to expand its presence.

GS Verde Group was founded in 2013 and comprises law firm Greenaway Scott, corporate finance boutique Verde Corporate Finance and patent attorney business Alchemie IP.

It will use the cash injection, which is made up of working capital and debt finance, to hire ten senior members of staff.

Nigel Greenaway, director of corporate and chief executive of GS Verde Group, said: "We're thrilled to have the backing of HSBC UK to support our growth in the South West.

"As first-time customers, we turned to the bank due to their ability to offer growth capital to the business and for its excellent understanding of scale-up businesses.

"Our relationship manager, Joel Dunning, has offered his expertise during the process and we look forward to building our relationship with the bank in the future."

The funding package from HSBC UK was allocated from the bank's £550m SME Fund which supports SMEs (small and medium enterprises) across Bristol, Gloucestershire and Wiltshire.