Pell Frischmann, the globally recognised engineering consultancy with headquarters in central London, has secured a multi-million GBP finance partnership with new banking partner, HSBC UK, to support its ambitious growth strategy in the UK and overseas.
The business, which was established in 1926, carries out major public and private sector infrastructure projects in the UK, India, Europe, and Middle East. The backing provided by HSBC UK has enabled Pell Frischmann to secure a number of major infrastructure projects in India and Iraq. These new projects will contribute to Pell Frischmann’s growth and are expected to create hundreds of new jobs across both countries and in the UK.
With HSBC UK’s support, the company will now also look to accelerate its plans to make asset purchases in the UK. A combination of growth by acquisition and continued organic growth is expected to contribute to Pell Frischmann’s ongoing success.
Daniel Russell, HSBC UK’s Area Director for London North, said: “We are delighted to be supporting Pell Frischmann with its exciting global expansion plans. HSBC UK’s ability to provide the business with cross-border finance, which it hadn’t had access to before, helped us stand out amongst our competitors and means Pell Frischmann was able to win two exciting new projects overseas. These projects will create hundreds of jobs and puts the business on track to significantly increase its turnover in the next few years.”
Jonathan Grady, Chief Financial Officer at Pell Frischmann, added: “With HSBC UK’s support, we’re able to operate more efficiently in the countries in which we work. With access to cross-border finance, we now have the ability to secure larger projects in some of our key global territories.
The contract wins in India and Iraq represent exciting next steps for Pell Frischmann and demonstrate our commitment to continued growth both in the UK and overseas. With plans to expand further into Asia and the UAE, we are pleased to be working with a truly global bank.”
Part of RSBG Investment, Pell Frischmann has 17 offices globally. In response to a number of significant wins and to accommodate it’s growing UK team, the company has recently taken larger premises in Birmingham and Luton and opened new offices in Maidenhead and Manchester.
Pell Frischmann has won a number of industry accolades, most notably the British Expertise International Master Planning Project of the Year Award in 2017 and The Queen’s Award for Enterprise for a second consecutive time in 2015.