Security technology manufacturer launches new site with support from HSBC UK
Paxton has used a funding package from the bank to purchase a new manufacturing facility at their headquarters on Home Farm Road in Brighton, further building Paxton’s technology park. The funding has also been used to refurbish and fit out the brand-new building, which consists of two production lines and a suite of facilities for staff to enjoy, including a gym and a rear sun deck with an ocean view.
By expanding their manufacturing facility, Paxton has increased production capacity within the UK, securing their supply chain and improving their carbon footprint by reducing overseas imports. Expanding into the new site in Brighton also frees up their original Eastbourne site to house a plastic moulding facility, allowing them to produce product components using recycled plastic.
Adam Stroud, CEO at Paxton, said: “Launching the Paxton Electronics Centre in Brighton, with the financial backing of HSBC UK, is a major part of our ambitious growth plan. It enables us to onshore more of our production which is fundamental in securing our supply chains and improving our carbon footprint.
“The site purchase was also a fantastic opportunity to invest in world-class facilities for our employees. We were named as the UK’s best manufacturing company to work for last year and will be re-running the employee engagement survey again this year. Employee wellbeing has been a top priority for us.”
Nicholas Hicks, Area Director for South East MME at HSBC UK, added: “Paxton provides modern security systems for buildings and property, which is a vital and ever-growing industry. We’ve been delighted to see the company consistently invest in their growth since we first partnered with them over a decade ago.”
With nearly 40 years of experience, Paxton develops access control solutions for a wide range of sectors including education, healthcare, retail, leisure, commercial and the public sector. The company exports to 64 countries and secures around 30,000 buildings globally each year with Paxton products.
