One notable company is High Voltage Substation Services Limited (HVSS). Through Trade Finance Director Andrew Hallworth, we initially provided support to the company with a multi-million pound bond facility backed by UK Export Finance. This facility was expanded in 2024 and is utilized for projects both in the UK and Europe.
This bond facility has allowed HVSS to issue advanced payment bonds and performance bonds to an international client, who needed these bank guarantees as part of a contract for constructing an electricity substation for the Littleton Solar Farm Project in Worcestershire. “NatWest has been exceptional,” states Emmett Carton, Managing Director at HVSS. “Thanks to this bond facility, we’ve been able to take on larger projects, boost our turnover, and hire more staff, ultimately strengthening our business.”
The bond facility, partially guaranteed by UK Export Finance, generates revenue for NatWest Group through monthly issuance fees throughout the bond’s duration.
“It’s fantastic to witness the tangible outcomes of trade finance facilities aiding our clients,” remarks Relationship Director Lewis Williamson. “Knowing that this facility and the bonds we’ve arranged for HVSS are not only helping the firm secure new business but also supporting UK energy infrastructure and contributing to the transition to net zero is a powerful illustration of our success with customers.”
