Industry consultancy Thomas & Adamson has secured a seven-figure funding boost from HSBC UK to modernise its operations.

The Edinburgh-based firm will use the funding to support its modernisation, which includes new IT systems, new hardware, software, and an online document management system, along with a new telephony system and property improvements.

With turnover increasing by 10% over the last five years, the modernisation is part of Thomas & Adamson's effort to maintain its market leading position.

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Alastair Wallace, Senior Partner, said: "We need to be continuously looking to improve our business to maintain our reputation within the marketplace.  However, many things come at a significant cost, and HSBC UK has shown a genuine interest in our plans and put forward a competitive finance package, which will support us both now and in the future."

Nigel Kerr, Relationship Director at HSBC UK in Scotland, said: "Thomas & Adamson are an established business in the UK and have a clear need for modernisation to sustain their business growth. We're pleased to lend our support to a business with a clear vision for the future."

Image: Alastair Wallace, Senior Partner at Thomas & Adamson.

(LM/MH)