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TSA targeting new market with $4m HSBC funding.

1st February 2017 by Brendon

blogHeader – Directors

HSBC support enables TSA to open Birmingham office

Business aims to increase turnover by 108%

 

TSA has expanded into the Midlands with support from an Invoice Financing funding package worth £4 million from HSBC.

Since launching in 2012, we have focused on recruiting professionals in the construction, property and civil engineering industries. After enjoying four years of growth it was time for us to expand!

The new office, located in Digbeth, will allow us to consolidate our presence in the region’s thriving civil engineering market, specifically in highways and infrastructure sectors. The new office is also fundamental to our strategy to capitalise on the booming rail sector within the Midlands, which could be further enhanced by the prospect of work starting on HS2 in the next decade.

The new office is expected to create 10 new jobs over the next 12 months, while managing over 100 freelance staff and securing further permanent placements in the area. Overall we expect our company turnover to increase by 108% over the next three years.

Mike Swift, HSBC Area Director in West and South Yorkshire for Mid-market Enterprises, said: “TSA is a fine example of a Yorkshire-based company looking to expand into new markets within the UK. With the Invoice Financing package, TSA will have the support to manage its day-to-day business operations and fund the company’s new Midlands office, which was identified as critical to its ambitious strategy. We are looking forward to seeing further growth in turnover and job creation in the coming years.”

Richard Dobson, Joint Managing Director of TSA Ltd, said: “TSA started trading four years ago in the tough economic conditions after the recession and despite this we have continued to grow rapidly. We uphold a ‘people before profit’ ethos throughout our business and we maintain that work should have a positive impact on people’s lives. This forms the cornerstone of our organisation.

 

“Our new partnership with HSBC will allow the business to access financial support which will allow us to continue with our ambitious plans to increase turnover and enter new markets.”

 

To find out how TSA can become your ideal recruitment partner, please visit our Client page.

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