ACR-News
Know what you want? Try our 'Supplier Directory' 
folder Case studies, Supermarkets

Food retail gets A1 maintenance with HSBC support

Bristol-based A1 Engineering, which manufactures, installs and maintains environmentally friendly refrigeration systems, has secured a £2 million finance facility from HSBC UK to keep UK food retailers operational and safeguard the business amid the coronavirus crisis.

A1 Engineering, which works predominantly for large UK supermarkets, has used the funding to continue operating its service and repair workstream for food retailers which have relied heavily on functioning refrigeration cabinets during the outbreak, as well as to support cash flow while other workstreams have been turned off.

£1.1 million of the HSBC UK funding has been secured from the government-backed Coronavirus Business Interruption Loan Scheme (CBILS). The remainder of the funding was made up of working capital facilities.

Dean Frost, managing director at A1 Engineering, said: “We’ve been working with HSBC UK for the last 18 years and in that time, the team has always been on hand to support our ambitious growth plans. This latest round of funding is no exception. Not only has it allowed us to continue operating critical parts of our business, but it means we’re in a strong financial position when things return to normal, allowing us to re-open workstreams that have been closed due to the coronavirus.”

A1 Engineering is one of only a handful of UK businesses that has designed and developed low carbon, low energy refrigeration plant solutions that meets the needs of its customer base, which is required by law to remove harmful gases from its refrigeration systems. The business has invested in innovative hydrocarbon glycol plant solutions and is planning further innovation in CO2 technology for refrigeration systems.

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. 

Comments

Already Registered?
Sign In
Not Yet Registered?
Register

Coronavirus industry update

UPDATED 22 April: In response to the Coronavirus pandemic, manufacturers, wholesalers and distributors are issuing statements regarding their operations as the situation evolves. The most up to date information from each company is listed below and ...

  25-Mar-2020

Systemair offers Eurovent Certified Performance for hygienic AHUs

Systemair is now offering a Eurovent Certified Performance option for “Hygienic Air Handling Units” (HAHU) as a brand-new feature in all Geniox air handling units (AHUs) in addition to its VDI6022-1 certification. The Swedish multinational ...

  16-Dec-2020

Panasonic Air to Water, RAC, PAC & VRF Training from AMP now available on demand

We've added air to water training to highly popular HVAC and heat pump courses.
  14-Jan-2021
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News

Diary

FETA Annual Lunch
16th IIR Conference on Cryogenics
9th IIR Conference on Ammonia and CO2 Refrigeration Technologies
2nd IIR Conference on HFO Refrigerants and Blends