Seras Energy has received an eight-figure funding package from HSBC UK to update its 100-plus HGV walking floor fleet and loading shovel fleet, as well as processing equipment, such as shredding and screening machinery.
The cash injection will allow replacement cycles to be maintained and will also be used for the development and upgrade of Seras biomass production and processing facilities.
Seras was acquired by infrastructure investment firm Pioneer Point Partners in 2023.
The business offers services across biomass fuel production, waste wood processing, waste wood storage, as well as a commercial skip business.
Andrew Bradley, head of finance at Seras, said: “HSBC UK’s support as our key asset finance partner shows how the business has grown since Pioneer Point Partners acquired the business.
“Seras looks forward to a productive partnership with HSBC UK, as we continue to pursue our strategic goals and deliver value to our customers and owners, Pioneer Point Partners.”
Based in Widnes, Seras operates wood processing facilities and a large HGV walking floor fleet, with sites in the Northwest, Yorkshire, London and South Wales regions.
Emma Lloyd, relationship director at HSBC UK Equipment Finance, said: “Seras is a business with a proven track record and clear strategy for growth.
“When this opportunity came to us, it became quickly apparent that the business has a deep understanding of the sectors it operates in, ambition to expand and the vision to do this in the right way.
“We look forward to seeing Seras build on these strengths for many years to come.”
Read the FN50 2025 report - exclusive insight into the UK's largest contract hire and leasing companies
