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Gloucestershire Business News

Bank funds new HQ for water surveying company

Gloucestershire water surveying company, Storm Geomatics, has secured a finance package from HSBC to acquire a larger office in Shipton-on-Stour, South Warwickshire.

The finance package includes a six-figure commercial mortgage and a five-figure loan to cover the costs of building and refurbishing the new premises.

The new office space will allow Storm Geomatics to expand its current team of 15 employees to 25 employees, in turn helping it to increase its client portfolio. It also recently opened another office in Stone, near Berkeley.

Mike Hopkins, managing director of Storm Geomatics, said: "We've seen a huge increase in demand for surveying areas at risk of flooding, so opening the larger office will allow us to expand our team to meet this demand and grow our list of clients.

Our HSBC relationship manager, Dan Pawar, was extremely helpful throughout the process, ensuring we had the best funding in place to meet our requirements."

Dan Pawar said: "Storm Geometrics has continued to build a strong portfolio of clients across the UK over the years, so we are delighted to support it as it continues to grow and hope to support it again in its future endeavours."

Storm Geomatics, founded in 2008, has clients across the UK and offers services such as water surveying for railways, flood plains, near shore areas and areas at risk of flash floods.

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