Ammo and Company, a historical supplier of ceremonial military equipment, secures vital funding.
HSBC UK’s financial assistance will help fulfil a new Ministry of Defence contract and foster international growth.
A Birmingham-based company, Ammo and Company, has successfully secured a new funding package from HSBC UK. This financial support is set to bolster the company’s capabilities to fulfil a newly awarded contract by the Ministry of Defence (MoD). With funds not disclosed, the backing will serve as working capital, essential for providing basic training uniforms to new army recruits.
The funding will not only support domestic needs but also aims to aid in the company’s geographic growth. Ammo and Company plans to leverage this support to expand its operations into the United States and Canada.
Such expansions are part of Ammo and Company’s strategic plans to tap into new markets and diversify its operations beyond the United Kingdom.
Founded 150 years ago in Birmingham, Ammo and Company has a rich legacy of supplying uniforms and equipment for British Army events.
The company garnered the King’s Award for Enterprise last year, highlighting its significant growth in Commonwealth nations like New Zealand.
The firm’s history includes the production of various ceremonial items such as gloves, musical instruments, and badges.
Finance director Carlos Nuche expressed optimism, stating, “We’re entering a period of remarkable growth and we’re pleased to receive financial support from HSBC UK to make this a reality.”
Zeshan Hussain, HSBC UK’s relationship manager, added, “We’re pleased to be able to support Ammo and Company in unlocking domestic and international success and look forward to seeing the business reach its full commercial potential.”
Ammo and Company serves as the sole supplier for cadet training equipment in the UK, offering tents, rucksacks, and sleeping bags.
The company’s comprehensive product line also includes bespoke clothing and ceremonial regalia tailored for the UK armed forces.
This reputation strengthens its foothold in the market and enhances its capacity to secure substantial contracts such as the recent MoD deal.
The support from HSBC UK is expected to elevate Ammo and Company’s market position, providing the financial stability needed to pursue growth opportunities.
By strategically positioning itself in both domestic and international markets, the company is poised for substantial growth.
The backing reassures the market of Ammo and Company’s capability to deliver on its commitments.
The strategic funding support from HSBC UK marks a pivotal moment for Ammo and Company. As it prepares to fulfil its MoD contract, the firm is also set to expand its global footprint, reinforcing its position as a leader in ceremonial regalia and military equipment supply.
The investment from HSBC UK is a significant stride for Ammo and Company, enabling them to meet contractual obligations and explore new markets. This initiative signifies a new chapter of growth and opportunity, firmly establishing its presence in both domestic and international arenas.
