Specialist container manufacturer Mayfly Containers is is targeting expansion with the backing of bankers HSBC.
The Clay Cross company is the largest producer of offshore containers in Europe, supplying the offshore oil and gas sector, the military, recyclers and industry.
Mayfly Containers started out 30 years ago with just three employees. BY last year, it had grown into a company with 100 employees and a £15 million turnover, which is expected to increase to £25 million this year, mainly thanks to international expansion.
Following a switch of bankers to HSBC, the company is starting work on a 40,000sq ft development alongside its existing plant, which will increase its manufacturing capacity by between 60 per cent and 70 per cent and create around 40 new jobs
Mayfly financial controller David Rudge said: “We had been with our previous bank for nearly 30 years but as we increased our international profile it became clear we needed a banking partner that offered the international breadth and expertise that HSBC could provide.
“This is an exciting time for the business. The new premises will allow us greater flexibility and production capacity and the new relationship with HSBC provides us with the support we need to drive strategic plans through to fruition.”
Mr Rudge praised HSBC for providing facilities tailored to Mayfly’s business model and future growth plans.
HSBC Derbyshire area commercial director Darren Joyce said: “Mayfly is a world leader in the design and manufacture of offshore containers, which have to withstand extreme conditions out at sea. This strong and forward-thinking manufacturer has a bright future and is exactly the kind of British business that HSBC is committed to supporting.”