One such company is High Voltage Substation Services Limited (HVSS). Through Trade Finance Director, Andrew Hallworth, we initially supported the business with a multi-million pound bond facility guaranteed by UK Export Finance, which was increased in 2024 and is used for both UK and European projects.
The bond facility has enabled HVSS to issue advanced payment bonds and performance bonds to its overseas client who required these bank guarantees as part of a contract to build an electricity substation for Littleton Solar Farm Project in Worcestershire. “NatWest have been brilliant,” shares Emmett Carton, Managing Director at HVSS. “By arranging this bond facility, we’ve been able to take on bigger projects, increase our turnover and take on more staff – ultimately making us stronger as a business.”
The bond facility is partially guaranteed…
