Isle of Man News - POSTED Tue 04-07-2017

HSBC supports Channel Islands car dealer expansion into Isle of Man

by LC

HSBC supports Channel Islands car dealer expansion into Isle of Man HSBC Channel Islands and Isle of Man is supporting Channel Islands car dealer Jacksons (CI) Ltd with its move into the Isle of Man by providing a range of financing facilities.

The prominent and longstanding business Jacksons, will be cementing its venture into the island by building brand-new state of the art showrooms for both its Jacksons and Motor Mall business. The move is a significant step outside of Jersey and Guernsey and a major milestone in their expansion.

Commenting on the transaction, Warwick Long, HSBC’s Head of Commercial Banking Channel Islands & Isle of Man, said:

“We are very pleased to have been chosen by Jacksons to help support and accelerate its growth beyond the Channel Islands and Isle of Wight into the Isle of Man. The Bank places a significant focus on supporting local businesses and it’s rewarding to be able to assist in the branching out of such a longstanding and well-known Channel Islands company.”

Paul Collier, Chief Executive Officer, Jacksons (CI) Ltd added:

“I am pleased with the support our long-standing bank has provided in order to allow this Group expansion with all our major franchise partners. It allows us to establish a flagship development on which to base further expansion in the future”.

Photo - Warwick Long.

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