Wernick Hire has room to grow thanks to HSBC UK

The Sustainability Improvement Loan will enable the company to purchase 465 new cabins, along with a selection of modular buildings, typically used for temporary offices, classrooms and site accommodation. The funding also enabled the company to achieve its projected turnover of £250 million by the end of 2025.

In addition, the HSBC UK funding will support Wernick Hire’s goal to become net zero by 2040 through enabling fleet upgrades. Recent additions include Green Space cabins, energy-efficient units offering water and energy saving features for low carbon sites, reinforcing the company’s ongoing commitment to providing sustainable products for its customers.

The funding was made possible through HSBC UK’s partnership with EcoVadis, a sustainability ratings company, which enables mid-market businesses like Wernick Hire to link the cost of their financing directly to their sustainability performance.

John Jaggon, chief operating officer at Wernick Group, said: “The support from HSBC UK has been instrumental in unlocking new opportunities for growth. The funding allows us to expand our services while keeping sustainability at the core of our offering. It’s an exciting moment for the business; we’re scaling rapidly to meet customer demand and growing expectations for greener building solutions.”

Chris Betz, senior relationship director at HSBC UK, added: “We’re proud to support Wernick Hire at such a pivotal stage in its growth journey. Our partnership with EcoVadis is a powerful example of how HSBC UK can support mid-market businesses to lead the way in responsible growth.”